I have to agree,those numbers are terrible.You can do much better and should get at least 10 to 12% COC by looking elsewhere like Cleveland or Indianapolis for a duplex or triplex.If you can't raise rents and/or lower your repairs to 5% due to old or deteriorating condition,let someone else eat this turkey.

I stopped eating fast food, cooked more, paid my highest paying interest rate first, refinanced my car, negotiated my car and condo insurance.

As a wise man once told me, "There is only one way to eat an elephant." 

I'm a super crunchy vegetarian parent, not quite vegan but I don't eat dairy so he doesn't even get a stuffy/runny nose ever.  

We end up eating the cost of things like nails, putty, caulk, buckets, paint pans, rollers, putty knives, trowels ect due to waste and the tools ect walking off with the contractors.  

And now my husband has to eat his humble pie re: RE investing (plus a nice steak dinner on me) ;) Before and after pics below!

Do you have enough funds to pay cash for everything (and still eat)?

I may have to get a Kevlar vest for myself and my man eating Mastiff named Rent.

It looks like it will eat us alive!

We're actually required to eat the cost of the 2nd appraisal in these situations.