This has bad idea written all over it.First, lets look at this as a pure rental and assume the market rent of $1100 and a purchase price of $100,000.Rent: $1100Expenses: $550NOI: $550Payment: $665 (P&I only, $100K, 7%, 30 years)Cash flow: -$165Even with the more optimistic assumptions I tend to make, this is, at best, barely break even.You're probably going to need to put some cash down to get an investor loan. 20% is pretty much minimum.

So, even as a lease option, you're probably just barely covering the PITI payment, if not coming out of pocket a bit.Sorry.

The days of the uneducated, barely graduating high school then working in the mill or for an automaker making around six figures is over.

I'm going to paint the floors in my rental, and there are quite a few spots that are bare wood.

., you probably are talking like 9.5-12% I/O, a few points, maxed out at 50% LTV, if it's bare dirt.  

I’ll make one more - I barely want to interact with other real estate agents let alone homeowners.

Here is my question - If there is extensive construction in many of the US Primary markets, quickly rising home prices and rent growth, at what point will affordability in both SFH prices and Rents impact the apartment sector in these markets and leave the large construction base bare?

Unsure of lease agreement end, all but 2 are within the year, so should be able to markup immediately on most.Even after markup, I can barely achieve a 7% and the cost of capital at 7.5% interest rate drains all the income.

You may get better tenant retention if: (1) the tenants are paying utilities; and (2) the existing windows are so old that it barely insulates.

@Chris Jensen I barely manage to fit it in between video games, binge drinking, and downloading movies.