And you have an NOI of $27k, if your cap rate in your area for B is say 5.5% you would be looking at a sales price of $500k, so you will need to justify higher rents if your area can even support it.There are just a whole bunch of red flags from my (amateur) point of view on this one.Just out of curiosity, where did you find this deal and where did you get your numbers?

It's going to be very difficult working remotely from so far away with little to no market knowledge and/or contacts that you've personally accrued and met with.Hope that helps.

It's not just 2 years experience... it's 2 years minimum as sales person and you have to accrue enough points (x amount of sales, x amount of rentals, etc) which most wouldn't be able to accrue in 2 years.

Out of curiosity, have you ever thought about investing in condos or SFH in other areas?

I need something to put it into and figure real estate rentals are the best bet thanks to the combined returns of rental income and the accrued value of real estate itself.

Just out of curiosity, have you spoken to any RE Agents? 

Ericka,Out of curiosity, why not the same model in Atlanta?

The buy-and-hold investor then gets $2111/month minus expenses (tenant pays for all utilities and maintenance), taxes and loan costs (if they borrowed the money) plus the $350 sell price (minus the accrued down payment $12,250 -- which they already have from the monthly payment).Here are the numbers for the buy-and-hold investor:$2111/month x 24 months = $50,664Minus taxes ($864/yr) = $48,936Plus sell price = $398,936Minus accrued down payment = $386,686$386,686 minus initial investment of $300,000 = $86,686 profitCash on Cash return = 28.9%If the tenant does not exercise her right at the end of 2 years, the buyer could sell the property.

AND, for him, he was able to get people to pay their rent before the 1st, so that money would be in their property management company business account accruing (minimal interest), versus in the tenants account.

At the quick pace that interest accrues on hard money loans, you should have crews working on this project on day 1.