Hi there,ISSUE: A tenant informed me she is responsible for cracking my glass top range and wants to know next steps for getting it repaired. The glass top / cooktop part is no longer manufactured. If the part was ava...

Using leverage to buy an asset whether real estate or a stock or a business adds more risk to the equation. 

Personally, I find spending $300 on some decent landscaping in the front of the house, and taking some good pictures do more for finding tenant than lowering prices. if you're willing to lower rent by $50, then why not just spend the $300 on prettying up the place and get the depreciation that equates to the lowered rent. ($50 x 6 months = $300)just my $.02 

The second paret of the equation is that they property needs to rent for enough money to carry the note.75k @5% = 402tax            =100insurance  =100In this case you fixed would be 602 a month.  

there is a bunch of info missing from your equation here.

Therefore, adding more platforms does not change the equation that much.

Part of the issue is the size of the towns equates to areas that differ all over the place.

We bought at a great time (2011-2013) and at prices that equated to a "2% to 3% rule." 10% was way too high and a couple of years later he brought it down to 7%. 10% was unsustainable and 7% made it more break even.I am sitting on a substantial equity position but I would not do this again.

I don't mean to discredit the posters above as I've seen them make great points in other threads, but just because a property won't appreciate or attract anything but struggling people doesn't equate to "beware" or "move elsewhere."  

Sounds like some bad ROI or there is a lot of deferred maintenance you're factoring into the equation.