That’s $104,664 annually (actually increasing each month since the payments to us are all interest but the amount of principal we are paying off on the underlying note is increasing with each payment), on an “investment” of $523,000 (which is calculated as the amount of additional cash we would have received by accepting the all cash offer).  

More on how that is calculated below.

Take calculated risks progressively, bide your time, and trust the process.Fast solutions have slow problems.

If this setter is US based, calculate what commission they would need to make a decent wage in your area.

Utilize a mortgage calculator to calculate the payments, take into account your schedule, and speak with a Columbus local lender.

If this is the case, most lenders would average the two when calculating your income.

With my low rent when I calculate the numbers for a duplex I would pay the same I pay in rent while I live there.

I'm really into calculating the numbers and determining if an investment is worth it or not.

Lastly, when you are running your ROI calculations be sure to also consider market appreciation.

I think @Tyler Warrick is pretty close, but obviously you won't really know until you get your hands on something and they can calculate it out.