Your lender may have internal risk factors that may push up rates or require larger down payments when you hit a certain number of properties.

The cash on cash return is much more unpredictable with gas being included, and this is concerning for me.I am wondering how its worked out for other landlords who do any of the above I mentioned and if so, have you gotten any push back from current or even prospective tenants? 

In California, city even pushes for building container homes as solution for cheap housing to deal with homelessness problem. 

The Lux Team is there to push you and hold you accountable every step of the way.

Presumably they are thinking they can push the rents but GL with that in the near NW.Aaron

@Grace BarrSounds like a good plan.I have a second home that’s free and clear.I am considering a similar offer.I think it will also allow me to get a higher price and offset my capital gain over time.I may try to push the down payment a little higher to pay off another rental property to improve cash flow on 2 sides

I like to utilize these tools when I am doing "mindless activities" such as washing dishes, getting ready for work in the morning, driving around, etc...My last piece of advice is find a local REIA which is like a real estate investors club.

This avoids the issues you get when taking on tenants that were not properly screened by the old landlord.Your only option now is to walk away or push current owner to evict or move to cash for keys. it may be to late to request the unit be delivered vacant, but if not that's what I would suggest doing. if you follow through with the purchase, keep this tenant on the shortest leash possible and start saving up for the (very likely) eviction cost.

I just started listening to the bigger pockets podcast 2 weeks ago and after years of making excuses as to why I couldn't invest in real estate, I'm pushing that all aside and going for it!

I am guessing when push comes to shove, that 6% is closer to 3% (if that!).