Quote from @Michael Daniel: Purchase price 70k currently pulling 900 rent ARV 110 - 140k, rehab about 25k @Michael Daniel That rent sounds too low for that ARV.

Much like other markets in the Midwest, investors go to our market because of the low barrier to entry.

The outcome was a beautifully furnished home in a prime location with a low mortgage that generates consistent cash flow.

Underpriced, underperforming, value add, 20 units, cash flow potential, low risk How did you find this deal and how did you negotiate it?

Install low flow water heads, swap the washer/dryer with High Efficiency models, replace the water heater with a tankless version and lock the temperature at a reasonable level, install smart thermostats that will automatically reduce the heat/cool when it senses no one is home, swap all the lights for LEDs, etc. 

The denominator in the calculation is your capital/equity and with no debt the return on your existing equity is low.

I kept the rent low because the tenant was there for a long time. 

Low employee needs.  11.  

Oktay,I do know Janesville for the LTR I use to help low income families try to find housing there for years.

I don't know the laws in Australia, but in the states, you can usually get a low down payment loan if you will live in the place and you can do this up to a 4 unit and rent out the rest.