It is in same complex that I currently own.Note, what on paper is 15-20%, you would want that cushion in case of unexpected expenses. 

Not for greed, but to create the cushion to deal with what the property is needing to bring up to par.If a wholesaler says ASSIGNMENT, then I the buyer should know the numbers across the board.

Essentially, aside from the "bones" spent $92K.The cushion I always enter a deal with, plus a hot local market, and bidding war saved me.

I suspect some people see the rental demand in areas on the east side of town like Shaker Heights, Cleveland Heights and aren't taking into account the absurdly high property taxes and mediocre (at best) schools in those areas.Regardless of the area if you have reasonable cash flow, you should be okay, just as long as you build in some cushion for evictions/maintenance in areas where the quality of tenants may be less desirable. 

Even though I can see it wasn't the best decision to jump ship on my business with what I discovered was insufficient cushion in my monthly cash flow numbers, honestly, I'm still glad I sold my business when I did.

That’s not being pessimistic, it’s simply that way normal real estate market cycles work.Investing in a smaller secondary market where rental properties are cheaper gives you more of an equity cushion in case prices go down.

We have learned a whole lot and I am just glad we kept a cushion of cash to pay the mortgages when without a tenant!

This financial cushion enhances your profile as a borrower, making you more appealing to lenders who generally seek a debt-to-income ratio of 36% or less.

For now, read all you can and focus on acquiring enough capital to be able to make a good start with a healthy reserve buffer - don't spend everything you have on your first deal, you need a little cushion for the unexpected.

However the water leak from the kitchen sink directed the water under this foam cushion layer and trapped it on the plywood, where we have a wonderful lively any colony living in the layers of the rotting deteriorating wood.