And you want to know how long it will take for the bank to recognize the income that property is producing and use it to write you a loan.Immediately. 

Ultra-competitive, but it wouldn't be that way if the market wasn't producing.

You have to be comfortable with the income thtat it will be producing for you.

So in my mind I'm not taking a hit for 30K I'm taking a hit on what I know the 30k can produce for me! 

Your numbers may vary.As far as SEO goes, one of the best ways to drive traffic there is to produce relevant local content.

Will the rents you get in cover the mortgage plus expenses (portion set aside for future repairs or cap-ex, maintenance, insurance, taxes) *and* produce cash flow? 

My biggest goals for 2016-2017 are to find a mentor and have a income producing property under my belt.

Judy Le, why would you consider throwing away a revenue producing asset?

Then I took that NOI and divided by the listing price of $189,900 to get a fudged CAP rate of 11.1%.With that CAP rate I used the actual stated current income produced by this property - $2800 to calculate present value.

Our two identical buildings and a third owned by Bob next door that is a fifth the size of the first two that produces $20,000 NOI at market.