Below is the full breakdown for an absolute worst case scenario and another where nothing horrible happens but it still underperforms.Costs:720k loan @ 3.75%600k purchase, and then something not found in the inspection costs 120k to fix (very unreasonable)6k closing6k annual property taxes$250/month insurance7% repairs (again, collective worst case)8% vacancy (very far above average)7% CapEx10% property management$6212/month expensesIncome:8 units, 2bed 1 bath$400/room (average rent is over $500/room in the area)$6400/month IncomeCashflow: $187/month.

@Michael Baum That is not a horrible photo, but it is obviously not a professional photo and does not do your house justice.

Nothing worse than seeing only one outside picture and then seeing it’s a disaster when you take your client there who can’t pay cash for the property.I’d rather see the horrible condition on the MLS so everyone knows exactly what we’re getting into.

Among those reasons are Zillow's and Trulia's habit of publishing incorrect information and/or old and out-dated information, as well as the "zestimates" which are often horribly wrong.

20 years ago, when I was first married, we lived in a horrible apartment well below our means.

Once I grasp the different traditional forms of financing then and only then can I become creative without worrying about going to jail, getting a divorce, or those other horrible things you mentioned. :) Thanks for the brute honesty.

My taxes are not horrible approximately $3,500 a year on a 1100 sq ft 3 bed two bath.

And, it was horrible!  

He is a fair but tough landlord, and has taken a horrible complex and turned it around to a wonderful one, simply by putting rules in place and enforcing those rules.I like @Seth Nadreau's advice to talk to them all.

ThanksMarvin 1C4SDJCTXDC690384Marvin,Not be be critical, but. . .drop ceilings, some drywall and some painted paneling, horrible mismatched carpeting and flooring in terrible colors, bad kitchen and no bathroom pics.