Hi @Bryan Pham  I replied back to you with additional question about the same topic.

Thanks friends and extended family at Bigger Pockets,Bryan Hill

The loan is 40k (AKA 40% LTV)Step Four: 52k in the bankStep Five: keep doing the above18k per year for 28k gives a 0,64 GRM; congrats, that's the kind smoking deal i have never seen in real life; maybe in some rust belt cities, but you'd still have to find decent tenants, and they wouldn't pay 1,5k a monthHowever, the net operating income would be better used in this caseCheap properties tend to have as much or even more operating expenses than more valuable ones, and you still have to take vacancies, high property taxes and the 12% for your private lender in consideration

Thank you Bryan

Thanks Bryan!

@Bryan PetrinecYou lost me on your reasons to try this.

Hey @Bryan Pham, I’m looking to invest in the area that makes me the most money!

Originally posted by @Bryan Miller:So I received a call for help on this scenario.  

@Bryan Pham We would like to start in Southeast Texas but are willing to invest afar on select deals. 

If so when you leave the galvanized pipes empty and open to the air they will start rusting.