I do want to mention that I am using a 2nd home mortgage product which is a bit better than an investment property.

Overall we were amused.  

Whenever I'm curious about my FICO score I'll check there; I'm always amused because one area consistently lists me a "poor" although my score is always in the 800 range. 

Here is the overview:12 unit property (3 singles, 6 two bedrooms, 3 three bedrooms)Being sold from investor (red flag for me)I am using rentometer.com to estimate rent prior to first meeting. 

Especially after NBA2K19 gave such a raving review about Fort Wayne....lmao.https://www.wishtv.com/news/indiana-news/some-not-amused-at-portrayal-of-ft-wayne-in-nba-2k19-/1436750542

I am using Hubzu for the first time.  

The nice thing about commercial loans, or at least the loans I can get from the small Credit Union I am using, is that they are willing to loan up to 80% of the tax assessors value without an appraisal.  

I am using virtual assistants to call FSBOs on craigslist to get leads for me.  

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.

Running the numbers using the BP rental calculator, I am using some conservative numbers.