However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out. 

I’m drawn to real estate not just for financial freedom but to build a legacy for my family while contributing positively to communities.

You will never see 2.25% again, 1600 a month on 150-200k in equity is an excellent return.  

@Joseph Opoku Yeah you can still get positive cash flow from day 1 in pretty much all areas except the A class neighborhoods.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

With your construction background, you're already in a strong position to add value to properties through renovations or identifying potential issues.

This has created a cash position and freedom that's allowed me to start my journey into RE. 

Originally posted by @Kyle Atans:@Anthony DooleyNot need to agree with, but the return on equity is always zero (0).

Owning locally has helped me accumulate considerable equity with a relatively low initial investment.

While I'm thinking about it, there used to be a specific meetup in Greenville called the Greenville Equity Marketing Exchange or something like that.