Assuming the expenses are correct, no vacancy, no capital expenditures, no surprises then yes 885/ mo.

Purchasing the properties would count for the first year so that's taken care of but later years would require something along the lines of approving a large expenditure or having a say in choosing the tenants for the property.

Ex. expenditures and mildly reduce your Mts. expenditures so you should still be in good shape. 

Unforeseen capital expenditure. 

Getting back on topic about the CoC Return though....Another issue with the CoC Return that some people use to pull the trigger is that they don't take into account future Capital Expenditures as well as future cash flow growth.An example why this is bad is that let us say you are buying a property with some structural damage really cheap that you must fix in 5 years.You calculated your CoC Return for the purchase and it GREAT!!!

But you might still be able to explain away that to a lender by citing higher than normal expenditures due to remodeling or fix ups that were essentially one time events.

Agreed with Ken Min, they must also make you whole though if you had any expenditure as they are the defaulting party but don't waste your time and further money pursuing it. 

The forum is not anti coaching just anti costly expenditures.

Good debt is made for the basic for living and/or debt taken on that will make more money come in after all the expenditures connected to it are satisfied or buying something that increase in value that have a market that you can access.Life will always have winners and losers.  

The idea is, if you renovate, then sell in 5 years, you should, in theory, have no major expenditures pop up.