I know this because I was in a position to buy the property before my wholesaler.

If you were able to find a place that allowed you cover at least a sizable chunk of the monthly expenses, and keep your monthly outlay at or around your current position I'd say that's a win.

Our properties are a strong mix of appreciation, rent growth and cashflow positive in year 1.Going on 6 years I have never had to even give any late notices, etc. for my northside chicago rentals, it's multiple applicants 700+ scores when list the units online. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Generally, if there is a single deed restriction, only the individual or body who created it can enforce it.

The more knowledge you gain, the better positioned you'll be to make informed decisions.Your passion for real estate is inspiring, and I encourage you to continue pursuing your goals.

Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.

Hi Brian,You're on the right track, but to determine if you're truly generating cash flow, it's important to look beyond just your mortgage payment.Here's what to consider:Income: You're receiving $2,100 in rent, which is great.Expenses: Besides your $3,232 mortgage, you likely have other expenses like property taxes, insurance, maintenance, utilities (if you cover any), and potential vacancy costs.If your total rental income exceeds all of these combined costs, then you're generating positive cash flow.

That storm was absolutely horrible, sorry you went through it, but glad you found the positive side of things!!

When the partner’s draw payments ceased this CPA became involved selling Sponsorships” in a very dubious MLM scheme; he was trading in all the goodwill and reputation he had garnered in 25 years of practice to make a quick hit because of his financial position. 3.