Does anyone have a rule of thumb for how much cashflow one should be getting for every million dollars of debt on real estate?

When we bought this note at a $1 million + discount, I not only paid him the $40k he asked for - I added a $100,000.00 bonus!  

This starts early on with preventing what could potentially go wrong by attracting an awesome tenant and looking at what vulnerabilites currently exist in your property.  

My husband and I just made a trip down and toured a number of what seemed like attractive options, spanning neighborhoods including Avenida Balboa, Costa del Este, and Clayton (among others).

Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?

I heard somewhere buy C property in B area and attract A tenants.

For example, Indianapolis is a market that’s been attracting a lot of attention from investors lately because of its affordability, solid rent returns, and growing population.

They tend to attract big companies, hospitable systems, cool downtowns with good restaurants, lots of events, and are usually a 1-2 hour drive from a major metro and airport.

You are 100% on the right track. 2-1 buydowns are attractive options offered by sellers/builders to help improve monthly affordability but in all reality you aren't saving anything. 

Hi, I am looking to purchase an 11key B&B for 3.3-3.5 Million using a Private Money Lender.