Below is a screenshot of the model results but see below for a break out of the assumptions:Purchase price = List price (room for negotiation)Closing Costs = Estimate from lenderDown Payment = requirement from lender @ 25%Interest rate = rate offered on a two unit rental from lender Total rents/Month = current rents in place (room to raise based on market) Property taxes, Insurance, Water/Sewer, Trash removal = all reflect actual amounts paid by current ownerVacancy rate = 10% of gross rent Cap Ex = 5% of gross rentMaintenance & Repairs = 5% of gross rentMonthly free cash flow = $155Total ROI = 7.14%My question is simple, do you think this is a good deal?

If your employer considers you a resident of NJ, your payroll address should reflect that.

The Index recorded a reading of 143, reflecting a High level of demand for homes.

The servicer argued that specific language in the loan modification document showed that there was “no attempt to impose personal liability” on the debtor for any previously-discharged obligation, and that the debtor’s motion simply reflected her misunderstanding of the partial claim process for a loan modification under HUD guidelines.

Fannie Mae generally requires lenders to obtain a two-year history of the borrower’s prior earnings as a means of demonstrating the likelihood that the income will continue to be received.However, a person who has a shorter history of self-employment — 12 to 24 months — may be considered, as long as the borrower’s most recent signed federal income tax returns reflect the receipt of such income as the same (or greater) level in a field that provides the same products or services as the current business or in an occupation in which he or she had similar responsibilities to those undertaken in connection with the current business.

Since title work needs to reflect you own it, the appraiser needs to see that as well, insurance, etc....so expect about a 45 day closing using this type of method...and that's 45 days AFTER you purchase. 

It's an investment that must be viewed as a business.If you invest as a hobby, your tenants and/or portfolio will suffer and that will be reflected in the difficulty you experience in doing the work.

Thanks for sharing Henry, your posts always reflect genuine thoughtfulness and willingness to help others.

On a more personal note, I have been reflecting on everything that's going on, and well.. here it is... 

It's a total loss, and our bid reflected that, but they may not have any other offers.