That's not deflation, thats air coming out of the bubble.

In the REOs I deal with, it's much cleaner for there to be 2 realtors on the deal and there is a disctinct "class" of the listing realtors and the buyers realtors in town.

I don't want to sound like a fool proposing terms that are way off nor do I want to be taken through the cleaners by the owner and pay through the nose.Thanks!

.$70,860/12 months = $5905.00 NOI per month$760,000 @ 9% for 30 yrs = $6,115.13 monthly mortage paymentFor a NEGATIVE cash flow of $210.13 per month.So, shooting for $100 cashflow per unit, I would need to purchase at around $435,000.I pulled the 9% interest rate + 30 year term out of the air, so any corrections on the reality of such a mortgage are appreciated.Do my calculations look right?

Do they magically just appear from thin air?

I just had 4 Air conditioners get an axe taken to them at a 4-plex.How "durable" are those machines?

I went in Wed AM with the glass man, and saw that the stove drip pans and coils were in the sink, so the cleaner had been there.

I think Sarah Palin is a breath of fresh air and I am fully behind having a President who isn't a Washington Politician.

The list goes on and on and may include: landscaping, exterior lighting, mailbox, patio/deck, air conditioning (although it probably has it considering your area), etc.Also consider the quality of the home.

I know my cash flow will not be the best if we rent our first investment property but we are still thinking about it... here's the facts.
Bought it for $12k - fully remodeling it with new roof, paint, windows, bathroo...