For this deal to work under those conditions, the purchase price would need to be closer to $179k.With your original assumptions 249k, the deal is marginally acceptable but not great, given the negative cash flow in the early years.

Quote from @Akshay Bhaskaran: Me and my wife are Residential Real Estate Investors for the past couple years.

good afternoon, I appreciate your advise in advance. 

I have a tenant who sent me screenshots of some conversation where he was letting the upstairs tenant know they were being loud and asked to quiet down. The all...

Hey, Jaycee, I've only been running it for a couple of months now since I closed but it's been doing about $6000/month in gross rents so far, this month will very likely be closer to $4500-ish since it's by far the worst month of the year for rentals in that area. 

If the marketing is on point than you only have 3 options - 1.

Other than the option of one mortgage on 2-4 properties, what else leans you towards MFH vs SFH? 

I'm looking for advice on whether I should purchase my father-in-law's 6 unit apartment in Burien, WA (10 minutes south of Seattle) as my first deal, or perhaps help find him a seller that would pay more than I could and is a couple years ahead of me in REI. 

I’m considering countering with a price closer to the market value, but I’m curious how others approach deals like this.Looking forward to hearing your thoughts!

Is there a city that's better than both of these in Ohio?

Commercial is valued differently than residential.