There's also the possibility that I can't tell the difference between gold and garbage and overlooked the info that I actually needed.I don't yet have a title company as I just moved down here to Tampa so it's on my to-do list.

So far I only received 2 calls from PM about bad garbage disposal and landscaping which was handled immediately by the PM(I require certain number of quotes if work gets to a specific $ amount).

Management fee: 1st month's rent for finding new tenant (which will probably be every year since student housing has high turnover) plus 6% management feePITI: $1457 per monthInsurance: $1400 per yearTaxes: currently $2600 per year but apparently will rise to $4305 in 2016 due to higher assessment (current owner home improvements it looks like)Vacancy: conservative 5% ($1500 per year) since this is student housing and probably will be filled easily Water/Sewer/Garbage/common electric: $2750 per yearCap Ex: 5% of rents ($1500 per year)Repairs: 5% of rents ($1500 per year)Annual Net Income @ $2900/month rents: $3550Cash on Cash Return: 6.31% in 2015 but will drop to 4.26% in 2016 when property taxes go up (comparable CoC is about 7.95% in 2015)Cap Rate: 7.37%  (comparable cap rate in area is about 8%)Would anyone buy this deal?

Theres a lot of garbage contractors in the area, which I learned the hard way.. 

An engineered wood floor of good quality( not the box store 5/16 garbage) would be a good choice and handle the temperature and moisture extremes better.

Paid heat, lights, water, sewer, garbage, taxes, and insurance.

Located in B neighborhood of Little RockPurchase price: 196,900Loan Origination Fees $ 1,476Depreciable Closing Costs $ 7,876Initial Cash Invested $ 58,577Income Monthly /    AnnualGross Rent $ 2,060  /     $ 24,720Vacancy Losses $ -164 /  $ -1,977Operating Income $ 1,895 / $ 22,742Expenses Monthly AnnualProperty Taxes $ -195 /  $ -2,343Insurance $ -108  / $ -1,299Management Fees $ -125 / $ -1,500Leasing/Advertising Fees $ 0 $ 0Association Fees $ 0 $ 0Maintenance $ -144 $ -1,730Other $ -175 $ -2,100  (This supposedly includes costs of water, garbage, and grounds maintenance) I'm trying to see if water can be sub-metered for the future.Operating Expenses $ -747 / $ -8,973Net Performance Monthly AnnualNet Operating Income $ 1,147 / $ 13,769- Mortgage Payments $ -770 / $ -9,244= Cash Flow $ 377 / $ 4,525Any thoughts/comments greatly appreciated!

The copper pipes, toilets, garbage cans, and air conditioning unit, were stolen from my homes.  6. 

My client has a legitimate way to contest the entire thing, but he doesn't want to drop $10,000 up front for a lawyer and be dragged through the garbage.

Purchase Price: $159,900.00 Purchase Closing Costs: $2,000.00 Estimated Repairs: $5,000.00 Total Project Cost: $166,900.00 After Repair Value: $159,900.00 Down Payment: $31,980.00 Loan Amount: $127,920.00 Loan Points: $0.00 Loan Fees: Amortized Over: 30 years Loan Interest Rate: 5.000% Monthly P&I: $686.70 Total Cash NeededBy Borrower: $38,980.00 Monthly Income: $1,900.00 Monthly Expenses: $1,663.04 Monthly Cashflow: $236.96 Pro Forma Cap Rate: 6.64% NOI: $11,084.00 Total Cash Needed: $38,980.00 Cash on Cash ROI: 7.29% Purchase Cap Rate: 6.93% ExpensesIncome50% Rule Total operating expenses: $976.33 Mortgage expenses: $686.70 Vacancy: $133.00 Repairs: $190.00 Electricity: $75.00 Water: $125.00 Sewage: $210.00 Garbage: $75.00 Insurance: $60.00 P&I: $686.70 Property Taxes: $108.33 Financial Info Income-Expense Ratio (2% Rule): 1.14% Total Initial Equity: $31,980.00 Gross Rent Multiplier: 7.01 Debt Coverage Ratio: 1.35 Analysis Over Time Hide Assumptions Typical Cap Rate /year Expense Increase /year Income Increase /year Property Value Increase Year 1 Year 2 Year 3 Year 4 Year 10 Year 20 Year 30 Total Annual Income $22,800.00 $22,800.00 $22,800.00 $22,800.00 $22,800.00 $22,800.00 $22,800.00 Total Annual Expenses Operating Expenses Mortgage Payment $19,956.43 $11,716.00 $8,240.43 $19,956.43 $11,716.00 $8,240.43 $19,956.43 $11,716.00 $8,240.43 $19,956.43 $11,716.00 $8,240.43 $19,956.43 $11,716.00 $8,240.43 $19,956.43 $11,716.00 $8,240.43 $11,716.00 $11,716.00 — Total Annual Cashflow $2,843.57 $2,843.57 $2,843.57 $2,843.57 $2,843.57 $2,843.57 $11,084.00 Cash on Cash ROI 7.29% 7.29% 7.29% 7.29% 7.29% 7.29% 28.44% Property Value $159,900.00 $159,900.00 $159,900.00 $159,900.00 $159,900.00 $159,900.00 $159,900.00 Equity $33,867.29 $35,851.13 $37,936.47 $40,128.51 $55,847.23 $95,156.79 $159,900.00 Loan Balance $126,032.71 $124,048.87 $121,963.53 $119,771.49 $104,052.77 $64,743.21 — Income, Expenses and Cashflow IncomeExpensesCash FlowLoan Balance, Value and Equity EquityLoan PayoffProperty Value Edit Report Download PDF Report (Pro Only) Upload a company logo