I put cap ex at 1000 per door a year ball parking it so 160 a month I am not including the studio in these evaluations because I will live theremaitnance as 85 a monthvacancy of 160 a monthSo over all looks like this so far.40k downprice 158500rents 1700 monthtax and insurance 560monthcap ex 170 monthmaitnance 85 monthvacancy 160 monthall together 975 a monthsubtract that from both units rentAnd there is 725 left over enough to cover the principle and interest and leave like 100 bucks left over for my utility's and such.current owner says the coin laundry downstairs covers the water and tenants take care of there electric and suchNow just 100 left over isn't much only 1200 a year not a very good return on 40k but when I move out and instal a fire escape in the studio as I live there I can rent that for another 550. after I adjusted the numbers for the studio this deal looks really good because I am able to keep pretty much everything the studio would produce.I'd get like 6k a year and get a 25 percent cash on cash which sounds as delicious as it can get.It is in a working c class class area. on the worse side of it. that's were most of the duplexes in the area are to be honest.

We had a tentative deal on a 24-30 unit apartment {I forget precisely how many off the top of my head) a few years ago when the Phase 1 discovered abandoned USTs on the property.  

I'm trying a new tactic where I am going to text the listing agent a low, all-cash offer on distressed properties that I find on the MLS. I am going to generate my offer price based on ARV and work backwards from ther...

But keep a record of this, because my crystal ball says this may happen again... 

Loved the recent episode that pretty much said you don't have to wait and find or create an amazing deal to be successful. really snapped me out on analysis paralysis and begin and after I moved forward and started the ball rolling on finance I think a great deal actually did sort of roll right in my lap.

We need to come up with a large enough down payment to get the ball rolling.

I’ve only so far inquiring about memphis invest (appears to be a turnkey investment) ball parking about 10-15% ROI3.

I am simply a deal maker who understands precisely his role, real estate matchmaker.

First, if it comes to the point that closing cannot happen, then I would request that of the seller first and see if they are willing to play ball.

After that, the ball is in their court to stay, move out, or sue me in court.