So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

I’m in Ohio, so I can purchase a property with $40k cash out, invest $10k in repairs, and rent for a couple hundred above the monthly operating costs.

This will give you a baseline of how much you spend per month.

My goal is to purchase 15 units in the next 5 years, and produce a cash flow of $20k per month within the next 10 years.  

For your scenario, you would be able to afford $8300 monthly mortgage assuming no debts. ($200K/12 months = $16k/ month of 50% = $8333.

So you are better off finding someone who wants to rean interest on their money and getting a promissory note signed and giving them a 10% interest rate and having them give you a 15k loan interés only for a 12-24 month period.

You will build up cash on a monthly basis that could be used to invest other places either rental properties or the stock market. 

Currently renting both apartments for a average monthly cash flow of $1000 Lessons learned?

Hi Calvin, if is it listed with anyone, it may have a similar address and a realtor posted your address by mistake,This happened to me a few months ago whereby I own a condo in a community that has 3 building and I own A6, but they were trying to list C6 and only added 6 to the MLS listing lol.

I spent a couple months in Orlando back in 2022 for while working with Main Street Renewal.