My goal is long term buy and hold.Purchase Price = 355,00035% down (lack of comps) = 124,250Closing Costs = $4000Rent = 4400/month (26,400/yr)Expenses (assuming 50% rule) = 2200/monthNet Income = 2200/monthP&I (5% 30 years) = 673/monthCash Flow = 1527/month (18,324/yr)Cap Rate (26,400/355,000) = 7.4%Cash on Cash Return (18,234/128,250) = 14%The seller's internal pro forma numbers have it at $1797/month cash flow (4% vacancy, 4% maintenance, 8% mngt) for a 10% cap rate and 16.82% COCR but to conservatively I am using the 50% rule.I am quite busy with my own business so don't really have the time to do renovations and manage myself which is why I am doing a turnkey.

Hello,Yet again I am using you for help.

Purchased a 6 unit apartment building that is fully rented and am using a Property management company to run it.

I am using Canada mortgage direct( http://www.canadamortgagedirect.com/) and renewal is a necessity for me.

I would enjoy reading more like this, if only for amusement."

I have a music business, though thinking about shutting it down, rentals, and CFFU. 

So am using the bp calculator for the first time for the brrr strategy.

@Ryan Proffit I am using SmartBnB.

I am using my 2 to 3 hour commute time to listen to good books on the topic, and every weekend I go look at homes with an agent.

I  know it is so hit or miss in how often it is rented out and I am using numbers from research I have done on Air BNB in that area.