.$2.6m less $520k DP plus $39k closing costs = $2.119m$385,095 (GSI) less $19,255 vacancy allowance = $365,840 Gross Income$140,778 Expenses (not incl. vacancy allowance) (from seller's FY 2015 P&L)NOI = Gross income less expenses = $225,062CAP = NOI / price = $225,062/2,600,000 = 8.66%Cash Flow = NOI less mortgage = $77,560COC = Cash Flow / Cash Investment = $77,560/$559,000 = 13.9%Total ROI = Cash Flow + Appreciation (3%) + Accrued Equity / Cash InvestmetTotal ROI = ($77,560+$78,000+$74,495) / $559,000 = 41%Vacancy Allowance = $1605/mo (already accounted for above)Maintenance Holdback = $1605/mo (already accounted for above)If there's something funky about these methods, let me know.

Out of curiosity, are you using the typical popular crowdfunding platforms for finding deals, or do you have direct relationships with sponsors and participate in more traditional "offline" syndicated deals?

(numbers simply made for example)  The point is the borrower at any given time owes the principal balance but interest accrues in the arrears.  

Out of curiosity, what's the price range are you selling the houses for in Winnipeg (in terms of wholesaling)?

Any miscellaneous charges the Tenant(s) may have accrued.3.

Hey all so I have few questions hopefully someone could answer so I am interested in REI but my current financial situation doesn’t match up with the goals that I want to accomplish I am 26 soon to be 27 working a full time job and also a part time job to pay down some of the debt that I have accrued thru out the years which now adds up to $19,000 and a voluntary repo that will be placed on my credit soon before that my score wasn’t bad in the 600’s so my question is what would be the best way to get myself in a better situation to start REI I know the first thing would be to pay down my debts the big and the small ones but is there anything I could do in the meantime instead of just feeling stagnant I already hate my job but it’s not about what I want to do right now it’s about what I have to do I’d also like to eventually go back to school to finish up business management and marketing but I also know that that is digging another hole financially.

May not be an issue; just something to consider.4) Just out of curiosity -- any basis for those assumptions on the mortgage? 

Even for experienced developers, such a project can have a lot of unknowns, and become a money pit.Out of curiosity, what is the total financial investment you were thinking of making?

Out of curiosity, how did you go about finding/rehabbing this house remotely?

Just out of curiosity, why are you doing 20% down on an owner occupied home?