Its just about break even, which just shows you have far off that 2% rule is.Purchase price:$200,000 Rehab cost:$0 Rent:$1,650 Exp, vacancy, capital %:50%Loan rate:4.50%Loan term:30Down payment %:20%Down payment:$40,000 Loan amount:$160,000 P&I payment:$810.70 Expenses, vacancy, capital:$825 Net Operating Income:$825 monthly cash flow:$14.30 annual cash flow:$171.64 total investment:$40,000 Cash on cash return:0.43%Cap Rate4.95%Is that a good deal?

However, there might be problem with the roof and major termite issue underneath the bathroom, since the wall in the shower was opened and the tenant just put something like a sheetrock there, it wasn't fixed properly, so water can go down and cause major damage to the subfloor or the foundation, which would greatly increase the rehab cost.The tenants have been living there for over 23 years, they don't want to move, (a couple in the 50s with the dad in his 80s) so they don't let me in to do the inspection.

Rob,It is best you operate your business the way you feel best and I will do the same.

I could be wrong, but nearly every Guru course I have seen posted here has the same method of operation.

Of course, continue to do your due diligence, but as another company operating in Memphis, I have not seen any red flags on them or their company nor have I had any other investors come ask us for help after doing business with them.

Hello everybody,I am a Real Estate agent operating business in India and in Bahrain.

The couple I am looking to buy from are dwindling down the size of their operation (the wife manages it all and is sick of managing 170ish units by herself, she hates delegating work so she is cleaning and doing to much labor).

I really have no idea how RE Agents operate and what's acceptable.

I am operating in the Atlanta market and believe there are some great areas in that market.

So what is feasibility of getting start-up funds for marketing and operations for my commercial apartment investing business?