Told French owners, "welcome to Detroit, this is why you need a property management company". 5) Neighbor called us middle of winter, telling us water pouring out of side door.

This bring my ROI to 9%After the initial renovations, I can increase rent to $1,300 per month.Tax benefits (depreciation is around $3,000 per year on low end)good neighbor, good school, 10 mins away from where I livePurchase Price = $250,000Down payment = $62,500 (25%) / Closing Cost = $17,500 / Initial Renovation Cost = $20,000Out of Pocket = $100,000Loan = $187,500 / Intrest Rate 3%Monthly Expenses:Principal & Intrest = 790.51Home Insurance = $100Taxes = $428.33Water / Sewage Bill (Owner) = $100Maintenace / Repaires  = $200Vacancy Rate = $161.88 (10%)Total Monthly Expense = $1,780.72Monthly Rent IncomeUnit 1 = $1,100Unit 2 = $1,100Total Monthly Rent Income = $2,200 Initial Renovation Cost = $20,000Roof:Needs a New RoofFix/add gutterAtticMoldBasementWater in basement (either gutter issue or need french drainage system)MoldTermitesneeds new Electrical Panelrepair Sump Pumpsneeds a new 1 FurnacesOther small stuff:Leaking 2 sinksall Windows trims are badneeds 3 light Fixturesneeds all Light covers for plugsneed to repair 2 small Wall holesinside can use new Paint on some parts2 missing sliding, needs cleaning

I am 20 years old and just moved out to San Diego for the Navy.

Cleaned up the landscaping, fresh paint inside, new front door, new garage doors, replaced water heaters, replaced roof (insurance claim), installed french drain to keep water out of the basement, fixed minor electrical issues (The two units shared some circuits) What was the outcome?

I'm a navy veteran and work in aviation.

@NIcholas Hamel I have a HELOC with Navy Federal Credit Union and it comes with a credit card.

I see you are in Millington- my First Rental property is actually in Millington off of Navy Rd!

I am now in virginia beach so I will contact navy Federal and start from there.

Navy!

My grandad grew up on a farm and was the only member of his family to go to college on the GI bill, after serving in the Navy.