It doesn't take into account expenses, which may be difficult to make the economics work if there are only 10 pads.

Makes sense the way you brake it down.

What you can get for rent has nothing to do with what you pad for the property.

I’m thinking I’d look at a property with a larger lot and build a pad and little private area for myself and rent out the full dwelling.

Start with Zillow and it automatically goes on Trulia and hot pads.

I appreciate your feedback and though he may be upset with me about it, I am going to make sure we are braking enough to thoroughly evaluate not just how great the numbers appear initially on a deal but how quickly/does it enable us to get to the next deal! 

That was a launching pad to a 29-year (and counting) real estate career and over $80 million in investor capital since. 

@Theresa HarrisNo the tenants have NOT taken care of place, it’s a bachelor pad, holes in walls, smoking weed, when I bought the place they changed the locks, o couldn’t even get in… I put them in their place right there… I have a quote for $5200 to repair, reglaze tile, and do other interior minor repairs, they each pay $600, my mortgage, taxes, insurance is $700, so yes I clear $500, but that’s not taking in account maintenance and yard care… I also have to put a central A/C unit in next summer… it stopped working

The logic of not replacing a worn out rook is like having brakes squealing and grinding on your car and not fixing them because they haven't failed yet and caused you to have a wreck.

Other investors in my area have hotness the brakes.