If I consider cap ex and repair reserves, I'm pretty much breaking even every month (and arguably losing a little depending on how much one thinks should be budgeted for repairs/vacancy). 

When I run the #'s at asking price (which I think I can get for less), with 6% vacancy, 15% Maintenance & Cap Ex, & 9% Management fee (of which I plan on managing myself), I'm still cash flowing around $700 per month.With a nicely maintained bldg on a quieter street near Cherokee st, all the larger building systems updated, 2 solid long term tenants, and a good monthly cash flow  makes this a very tempting purchase for my first property. 

This year, I've gotten really lucky and have not had any cap ex or repair services yet this year.

(Healthy cash flow from day one, qualifies for long term debt, we have enough capital to fund a healthy cap-ex and reserves account). 

They will have another ex wife by then and have to pay for another wedding.

., condition and lack of needed cap ex.)The seller had reduced the price once from their initial November listing. 

Ex.

EX: Hotels, trendy restaurants, and other key drivers that are responsible for the slow gentrification that we are seeing now.

ANNUAL CASH FLOWINCOME 83820EXPENSES (w/ debt service)79992CASH FLOW3828ANNUAL NET OPERATING INCOMEINCOME 83820EXPENSES (w/o debt service & Cap Ex)31392NOI52428PROPERTY VALUENOI52428CAP RATE5%VALUE1048560These are all my "current state" numbers.  

When I was married I financed solely due to the fact my ex income was 1099 and her first year.