In my opinion it is the best function BP has to offer.

I'm not as picky on the actual free cash flow to say it must return at least $X, but I typically get between $100-$150.I buy things stupid cheap....many folks call them "Class C" units, but we keep them clean, safe, and functional. 

Hi Tasia,Hard to say without a visual... got any pics?

Luckily, they have a great inspection with no findings.Though not optimal, I decided not to pursue my $50 late fee and the whole issue with my renters breaking the lease by using their deposit as the last month's rent.I'm curious if you all know of a more functional approach to this whole last month's rent and  deposit thing. 

We use the online rent payment system, the online application, the elease functionality, and the work order system extensively.

It is very feasible to put together a team and system that would function the same whether you are investing down the street or across the country. 

(but not the whole house in off white)We want our rentals to be comfortable, functional and a place where a family can invite someone over without being embarrased. 

Smoke detectors , working toilet working sink , good working outlets , functional doorknobs no trip hazards .. simple stuff !

Did a visual walk through with agent and nothing stood out as a major issue.

The IRR Looks like this:So yes, you can do JUST a Cash on Cash Return (CoC Return) and get the same answer as a 10 year projected IRR as in the image above.Also, because you are using a 10 year projection schedule, you really VISUALIZE the Cash Flows.