And do what @Drew Sygit suggest and get out in your imediate community and network and learn the business taking a pre license RE course which is very cheap is a good way to learn how real estate functions. 

Quote from @Drew Sygit: @Jim Kelly you really should have thought about all this BEFORE you made an offer!

Hey Drew- are you evicting because of non payment of rent?

Maybe @Drew Sygit has a recommendation?

Quote from @Drew Sygit: @Armando Montrond you are making the rookie mistake of paying retail prices.As @Bob Stevens alludes to, that is NOT true investing.Many newbies are paying retail, but they are not cashflowing.Start networking with other local investors and learn true investing:) lol this not about paying retail or not, this is simply me trying to find what price range for a single family in a given market and a given rental rate with the given expenses you would need in order for a property to cash flow. so in Raleigh, NC even if I went off market, I would need to find a property for under 85K that needed no work with 20% down and rental rate of 1600 in order to see a positive cashflow of $16 https://www.biggerpockets.com/... here is an example report. not to mention the avg home sale price in Raleigh is 400K.

@Drew PetroA large part of the value of a car wash property is the equipment, which has a useful life of 10 years.

Quote from @Drew Sygit: @Jacob Laginess how did you get involved with an unethical PMC that is adding stuff NOT in their management contract?

Quote from @Drew Sygit: @Nathaniel C. two thoughts come to mind:1) What are the average rents in each of those locations? 

Thanks,Drew

Thanks @Drew Wiard!