View report*This link comes directly from our calculators, based on information input by the member who posted.We have this property under contract and all the numbers are accurate give or take a couple dollars.

Is this accurate?

Overall I’m more concerned with cash flow and returns than a cap rate but I want to make sure Im creating an accurate and somewhat conservative scenario.

Is this accurate or does anyone else have any advice?

I would also call a local property management company that is highly recommended (ask around on BP or at your local REI meetups) and get a more accurate rental number.

Buying TK is akin to gambling and something tells me you wouldn't take your hard earned money to vegas and play craps our roulette would you?

View report*This link comes directly from our calculators, based on information input by the member who posted.Did I get the expenses relatively accurate, esp regarding water (Cleveland) and lawn/snow? 

@Kyle Bethune Don't really have enough info to make an accurate call.

I also plan to ask if they will break out their remodeling costs so that my CPA can accurately depreciate the work done on the property.I was wondering if any of the BP community has a checklist that they use when interviewing and hiring a contractor?

Section 506 investments often are not liquid.It is not completely accurate to equate wealth and income with investment savvy which is what the accreditation rules generally do.