1. 2% is a great deal and nearly impossible in Austin and the surrounding cities. 1% is the rule of thumb for cash flow positive properties.

Since we don't know where it is it is impossible to comment you don't even have a single picture to allow for an educated guess.

@Deepak Kumar It's near to impossible to find a good property management company that will work in Austin.

Of course you would have to make sure that you actually do have a large enough insurance policy as it is impossible to predict how much you might eventually be sued for. 

In the Fort Worth market, it is nearly impossible to find a lot less than $150,000.

She sells/markets turnkey rentals for turnkey providers so she benefits by touting OOS investing and by making false claims that cash flowing in CA is impossible...even though there are several markets where it's possible to do so. 

Cashflow is going to impossible if you are unwilling to put in hours to source a deals and put up a lot of sweat equity.For me my sweat was better off put at my day job and buy out of state rentals that cashflowed.

That is currently an impossibility for me to find.Best of luck with this property - keep a tight look on the North Las Vegas STR laws, as they will likely follow suit with whatever changes the City of Las Vegas will make to its ordinance / regulations in the next few months....

Hello BP!I might be a bit ahead of myself but I thought I'd check here and see!I recently came across an older landlord who has several duplexes, SFR and 6-8 unit buildings.  He was selling two duplexes next door to e...

Originally posted by @Hai Loc:@David ZhengI saw an article today stating that July 2018 was the first time there was a month by month increase in foreclosures after 36 consecutive months of decreases.I wonder if this is a sign..Logically, it would be impossible for foreclosures to keep decreasing month over month forever.