Unfortunately what you paid for improvements does not directly translate to value.

I have a solid understanding of the good and bad areas of Fayetteville, but this may not translate well in terms of communities that offer opportunity to an individual looking to complete their first deal.  

I'm thinking of starting up Rosetta Stone but until then I'm going to use him and my girlfriend as a translators.

That often translates into a higher price and smoother transaction for everyone involved.But that's just my personal experience after 40 years in this wonderful business.Good luck to you whichever way you decide to go.

Like I said we may consider a reduction but more often then not it just translates to more work for less pay, which is not something we're interested in - we are interested however in ensuring your properties run smoothly so that you are happy and continue to use our services but not at the cost of placing our services on sale. 

What kind of drop in rents that will translate into I have no idea.

The total earnings in 5 years will be the sum of:Earnings from cash flow from 4 houses: FV(5%/12,60,1000,0) or $68,006.08Proceeds from sale of properties:Value of each property is FV(0.03,5,0,-100000) or $115,927.41Loan paydown for each property is CUMPRINC(0.04/12,360,75000,1,60,0) or $7,164.37, making the payoff balances $67,835.63Total sale proceeds are 4 x (115,927.41 - 67,835.63) or $192,367.12So, in 5 years you'll have a future value of $260,373.20, which translates into an annualized return on your initial $100K investment of RATE(5,0,-100000,260373.2) or 21%!!

If it’s listed at a 6 bed 3 bath price but it has a lot of square footage, there's a good chance you can create a few more bedrooms per unit, which will translate into a better return on investment.Always Check for Leaky ToiletsA leaky toilet can result in an increase in the water bill by 3 to 4 times.

The way I see it, your goal of $6000-$8000 per month translates to about 60 to 80 units at a conservative $100 cash flow per door. 60 to 80 units in 10 years is extremely doable.

But $100k in repairs means that this property is in big disrepair what translates in a higher risk for any one who is willing to lend you money.You can find a hard money lender or a private money lender but they will require that the LTV is around 70% what means the maximum you can pay for this property is $110K