There are people that make a lot of money by investing in war zones and "slum lords" and other investors that don't want anything under an A- neighborhood.

Good Lord, if that does not describe REI, I don't know what does. 

Freedom Title in Flower Mound (Brad Rittenger).

Thanks for the information Brad this is what we needed to know.Appreciate your help.

Thank the Lord in that she has been a computer programmer since about 1983. 

Monthly Insurance - 106 (google Insurance plus flood insurance)Other Expenses - 157 (taxes based on MLS)Variable Land Lord Expenses Vacancy (% of monthly rent)- 112.5 (5% of rent, Bigger Pockets recommendation)Repairs and Maintenance (% of monthly rent)- 112.5 (5% of rent)Capital Expenditures (% of monthly rent)- 182.75 (8% of rent)Management Fees (% of monthly rent)- 247.5 (11% of rent)Future Assumptions Annual Income Growth % - 1% (i just looked up Honolulu’s inflation rate)Annual Property Value Growth % - 5.59% ([CAUTION] https://www.neighborhoodscout.com/hi/kaneohe/real-estate [CAUTION])Annual Expenses Growth % - 1% (same inflation number)Sales Expenses %- 7% (bigger pockets estimate for a real estate agent’s sales expense % which included closing cost and price for a deep clean of the place prior to selling)

Read the BP book on land lording.

Brad Jordan 

Rent is due on the 1st, late on the 2nd and the legal process begins.In most businesses, and especially land lording, nice guys will always finish last and usually with a eviction and often bankruptcy.

Hi Brad,Thanks for your thoughts, purchase price is 40,000 just had a 13,000 refurb, not a section 8 tenent.