If I were to finance at current rates at max LTV it would have huge negative cash flow.  

I'm currently looking for a flip locally - within 30-45 minutes of Lancaster, PA. 

We're now up to $1,900/mo and the current tenant wanted to sign a full year lease so it's a furnished long term rental for the moment.

@Chris Seveney I remember when cupcakes shops were popping up everywhere and were a big thing.Then, poof, most of them were gone!

I am a new member here and currently live in Tucson, AZ.

I am currently helping a VA buyer purchase a home with an assumable VA loan in Skye Canyon.

We are currently building many investment Single Family Homes on independent lots that focus on maximizing rent.

Here's a breakdown of the situation:Current Occupancy: 80% (16/20 units occupied).Current Gross Rent Roll: $14,265/month.Market Rent Potential: $17,665/month (100% occupancy).Renovation Needs: 15 units require full renovation ($10K/unit), 4 units are 75% renovated ($2.5K/unit), totaling $160K in renovation costs.Vacancy Loss: $41,820/year in lost income due to current vacancies.Cap Rate AnalysisThe seller lists the cap rate as 9.59%, but this is based on the projected NOI of $119,858 (assuming full occupancy and market rents).

I am a newbie investor, originally from southwestern, PA and now currently located in Washington, DC.

The current price of the house is worth about $900000.