It's early, but it looks like we'll earn around a 8-9% ROI.

Hi Everyone,I am looking to get started with doing rental arbitrage with my cousin who is a Green Card holder, however, I am on a H1B Visa which restricts my ability to earn income "actively".

This property will require a pool to fully optimize its earning potential, and I've already factored that into my calculations.

I like to believe I earned their trust for when I need to borrow from them again.

The mortgage payment is $1,000 on each house, so you earn $500 per house or $2,000 monthly.

My custodian does not have a money market or similar sweep account to keep idle cash earning.

You are a high w2 earner, The house is worth 110k today, you are buying from your grandma for 60k in exchange for free rent for life, upside ARV of 200k.The costs of owning the house will help provide tax relief on your high w2 earnings, you are buying a great chunk of equity that will pay off in the future, and you and your grandma are doing each other solids. 

And, not confident of the earnings/industry in the area to feel good about LTR. 

I think it is pretty rare that people getting free space rent actually work enough to earn it. 

One more reason why people should stop looking for the easy path to building wealth.Increase earnings, reduce expenses, save, and invest.