If you plan on donating your time for maintenance and management, that will throw off your numbers.One of the more commonly touted strategies on BP and other REI sites is boosting value by increasing Cap rate. 

There are a lot of things to consider and learn about, so do not try to rush ahead and just "do the deal" like a lot of the active investing community may tout. 

I know I take contrarian views but this remote rehab that is touted in the books sold on this site is so Dangerous for so many people granted some with do fine.. those with experience but there should be a big forward in that book and that WARNS people that this is not to be done with those with no experience. 

t out of them until they leave.

Last week I drove 10 hours from LA to UT, spent a week meeting with an agent and driving around the different neighborhoods trying to get a better sense of where I wanted to invest.

Invariably when I see people touting such models, they're also holding themselves out to be gurus of sorts who aim to profit from "teaching others" their "system", which is replete with all of the requisite buzzwords..

In my experience anyone touting “passive” income from REI is probably making more money selling books and seminars, earning commissions as an agent, or running an REI website than they do off owning property.

The Rose Parade and Rose Bowl football game, along with the many associated activities in the weeks running up to New Year's Day, are touted as injecting over $200 million into the local economy.

I am thinking of downtown area and/or close proximity to UT  but open to other areas based on projected viability for rental property.

@Jeff Lamothe is right, your price point can go a long way in many parts of the state.Find a way to pull out of this deal, tout de suite.