Questions to consider: How many beds are each unit?

Hello,I have an 1 bed/1 ba condo located in Glendale, AZ area of 63rd Ave/Glendale.

thanks @Chris Tan, i just wanted to make the distinction, wasn't sure if it made a difference.It just seems like an easy way to fund a purchase without having to deal with lenders (private, hard, banks) and without having to use cash.Thanks!

We purchased a 3 bed 1.5 bath home, 1500 square feet on half an acre:Purchase price: 66K; 20% down paymentRent: 850.00PITI: 390.00Vacancy: 10%PM: 8%Repairs: 10%Cap Ex: we have a separate account set aside for this that we fund ourselves and contribute to monthly.Rehab costs: 3K (paint, flooring, cleaning)Monthly cash flow: 222.00Cash on Cash return: 16%I'm happy to have our first deal done.  

Here are my thoughts based on some avg #s$1980/2 = $495/mo x 4 units1 bed/1 bath units typically rent around $400/mo so my initial thoughts are how did they get almost $500/mo for these.Lets say you get $450/mo x 4 = $1800/moProperty Management - $180Taxes - $200Insurance - $100Water/trash - $200Vacancy - $180Repairs - $180Cap Ex - $100Total expenses -  $1140/moThat leaves you with about $660/mo before any mortgage etc....

Ohio is also a hot bed and where I'm mostly investing.  

Good morning Thanks for your feedback.The first one was a 4 bedroom Townhome and the second a 2 bed plus den condo.

Five years later, my (now ex) wife and I purchased a bed and breakfast that came with a second home for the Innkeepers (us) to live in.

For instance, say the $/sq. ft. is $100 and you've mostly seen 1500 sq. ft. 3 bed 2 bath houses selling for $300K in the area.  

Hello, BP community- I have a tenant that has had a bed bug infestation in my unit as diagnosed by a pest control company.