(a) It is an affirmative defense for a natural person who is a defendant in a civil action brought under Section 891, or a criminal action brought under Section 892, if all of the following occurred: (1) The defendant used the rental revenue due but not paid to holders of mortgages or deeds of trust to make payments to any of the following: (A) Health care providers, as defined in paragraph (2) of subdivision (c) of Section 6146 of the Business and Professions Code, for the unforeseen and necessary medical treatment of the defendant or his or her spouse, parents, or children.

I think at a small cash outflow or breakeven you are banking on the favorable tax treatments and potential speculative appreciation on the property.

OK, so same treatment for these deals:Example #1Rent: $800Expense: $400NOI: $400Payment: $432 (7%, 30 year, $65K)Cash flow: -$32With a down paymentPayment: $346 (7%, 30 year, $52K)Cash flow: $54Cash on cash return: 5.0%Just about CD rates.Example 2Rent: $1725Expense: $862Payment: $699 (7%, 30 year, 105K)Cash flow: $164Cash flow per unit $55So, that one's not too bad, though its not going to be $615/month in cash flow once you've factored in real world expenses.With 20% down, cash flow is $303 or 17.4% cash on cash.

Is the property located right next to a sewage treatment plant?

Congress scolded insurance giant American International Group Inc. for spending $440,000 on spa treatments for executives just days after the company took $85 billion from taxpayers.

.- What about lawn care, accounting costs, legal costs, termite inspections/treatments, advertising, utilities during vacancy periods, etc?

LLCs are great for asset protection in most states are can be used for wholesaling depending on the tax treatment.

@John Underwood  The lease doesn't mention pest control (lesson learned there), so I guess I'm on the hook for the treatment. 

I am getting ready to put my space up for rent and my thinking is because the windows are so large, the landlord is responsible for the window treatment.

Bathrooms and kitchens get the modern treatment.