The growing list of issues include multiple poor quality tenants damaging properties and breaking leases with no recourse, and non-existent communication/accountability from property management to the point where I have zero faith in their personnel correcting the issues I'm experiencing. 

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

length of damage?

You are effectively losing more and more money every year.  

Partner Driven added value to the Mumford Rd deal through effective negotiation and market expertise.

Partner Driven added value to the Cornell Ave deal through effective negotiation and market expertise.

You definitely need insurance - one hurricane could wipe you out or cause enough damage to where it essentially (not literally) still wipes you out. 

Below are the key data points:- Gross Rental Income: $118K (I received the rent roll list from agent)- Effective Gross Income: $112K (I'm assuming a 5% vacancy factor)- NOI: $56K (I'm assuming 50% Operating Expenses - inclusive of 10% property mgmt costs, repairs & maintenance and CapEx reserves)- Recommended PP: $623K (Market CAP rate is at ~8%; I used 9% because I want the Cash on Cash return to be 10%+ with a 30% DP at 7.2% interest rate and 30 yrs term)- The asking price is $1.25M.

Hi Hayes, I can't speak as effectively to your question as I'd like but I have a colleague that owns a mortgage brokerage in town.