---Purchase Info---Price - $45,000Closing Costs - Assuming $2,000 (don't know if this is accurate)Rehab - $30,000All-in - $77,000 (getting a HML), my cash in will be 25% of home purchase and closing - $13,250ARV - $110,000---Refinance---70% of ARV for cashout - 77,000Interest rate - 5.625%Mortgage Payment - $443Property DetailsIncome - $1300 per monthExpensesMortgage - $443Taxes - $300 (approx 3600 annually)Insurance - $70 (not in a flood zone)Property Management - $75 (confirmed value with my PM)Vacancy - $108.33 (1300/12)Maintenance - $130 (10%)CAPEX - $65 (5% - we would be replacing most of the mechanicals, electric, plumbing)Water - $100 (considering billing back to tenant)Cash Flow - $18.98per month...ew. (1.72% COCR).

After several months of learning the mechanics I syndicated a 60-unit with a general partner who has been sort of a mentor of mine for many years. 

It looks like it had some mechanical updates but how are the kitchen and bath finishes? 

Here is the link to our E-Guidebook: https//xxxxxx Quick reference tidbits:Address: Xxxxxx, Branson, MO 65616United StatesDoor Access Code: (XXXX)Please ensure the door is completely closed to prevent the locking mechanism from jamming.WiFi info:Network: Xxxxx or Xxxxx 5GPassword: XxxxThanks again for choosing our Holiday Hills resort condo!

My wife also used to work for a property management company as the account manager, father has a MBA, and I have experience as a mechanic and technician.My parents will be selling their previous home next year with the intent to invest the equity.

Seeking connections with seasoned multifamily investors in Michigan.I'm a Mechanical engineer by profession and good at crunching numbers and spreadsheets.

But I also rehab my places before putting tenants inside (bathroom mentioned aside), and if you have a new roof, new plumbing fixtures, new or reliable mechanics, and decent appliances, there's very little to go wrong in a house. 

I was working as an auto mechanic when I got my first sniff of what realestate could offer.

If your career arc goes like mine did, appliances/mechanicals will fail in waves. 

Depreciation schedules, HVAC/Mechanical useful life schedules, etc.