Doing something faster doesn't mean increasing SPEED!

We are asking the current tenants to leave as the property is not in optimal condition we like to have our rentals and we would like to fix it up to increase value and rents.

You increase rents every year rents aren’t dropping.

Plus the seller will want to increase the purchase price, so they still get their $100k ($100k / (1 - 6%) = $106,383).You state this will be your primary and a rental - so is this a duplex?

As I move thru properties my buy box will increase.  

., Richmond, and Detroit led rent increases, while Austin and Raleigh saw year-over-year declines due to high supply.

“ cash flow returns” almost always compare horribly to a simple bank CD after you deduct for insurance, prop taxes< vacancy, capex, prop management (or your personal time.) etc etc etc. 

Canton is not quite as bad, although they have increased annual fees and initial inspection requirements in the past few years that Akron never put in place. 

As prices increase, fewer people can afford to buy homes, forcing them to rent.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.