There are many things to love about Durham - its downtown renaissance is remarkable, the restaurant scene is great, and if your kids get into NC Science & Math later they'll be at the best public high school in the state.

Crazy thing is the appraisal value per the taxing authority is  $90,940 which, apart from their 'fuzzy math' in calculating the property tax, puts the tax as a percentage of value at a whopping 6.87%!!

THEY DON'T DO HOMEWORK ON THE HOUSE THEY BUY, THEY THREAT OCCUPANTS IN HOUSE. 

If you are not a math person there a few questions that can be a little tough.Good luck!

I'm trying to follow the math.

Also SD aren't cheap please keep that in mind we paid $15,000 for our childs SD so if a tenant is looking to rent a $650 house in the slums please do the math!

I don't know about you, but there are a lot of nice things I can do with $18,000 like writing a check for $18,000 to give to one of my children gives me a great feeling and just imagine what someone you know can do with $18,000.And then do the math for raising the rents for more than $100 and it is a ton of money. 

Additionally, I appreciate all the math and calculations that you’ve put forth as they put a lot of things into perspective for the future.

Hi @Dash LovingMake sure you do your homework and know your numbers.

You don't want anyone learning how to do them on you.You also could potentially do "hard" money loan for purchase and rehab, then when it is done put traditional 30 year permanent financing in place.DSCR will typically be only for rentals after reno and rent will need to be a $1 or more above your PITI....So if your PITI is $1000, you'll need rent of $1001 or more....so you can back into the math to see how much loan/leverage you can use.