Land (2mm) - Loan (1.4mm) - Equity ($600k)  = 0I need to know my math is correct.

Assuming you've done the math and it is financially best to have them leave, lose the rent, and pay rehab expenses so you can charge a higher rent, just non-renew them.

Toledo pretty much offers the same, if you're set on that city connect with @Engelo Rumora Thanks for the plug mate,Hi Ken,We probably won't be able to assist as we offer turnkey and only to cash buyers.Our lowest entry point is $65,000 and that buys a 2 bedroom, 1 bathroom home that will rent for around $800pm.Plus, I'm pissed of with investors and lately and keeping all deals for myself heheI think you are on the right track with the 43607, 43612 and 43613 zip code.I encourage you to take a look at 43609 and select areas of 43610 and 43620.BRRR out of state is a recipe for disaster but since you are in Michigan, it isn't too bad I guess.Even being as close as you are and even if you lived in Toledo, I would always advise to get professional property management.An investors role is just that, to be an "investor".Elevate and delegate...Sure, you can probably manage 1,2 or 10 properties but that can eventually turn into a full time job.IMO, you should focus on scaling as in finding deals, raising capital, buying more properties, growing your portfolio, etc...And not dealing with tenants and toilets.Wishing you much success  I'm not sure if I made a mistake in my post about the 50k part, but if the math is right I should be right above your lowest entry point. 

RE is just math.

This is the point I'm trying to make  As far as the math is concern it doesn't matter if one choose to work from the offer price to come up with a system, as long as that system gets hud what they want to net.

My background is in math and engineering so I also think it'd be cool to analyze their spending and maybe start recognizing areas for improvements. 

RE is NOTHING but math, but you netter know your numbers. 

Since you are living in it, your math might be different than a flipper, but if you are hoping for short term profit, you need to look at it like a flipper.

Its all about the math, nothing else matters.

But when you do the math of 12 properties times 12 months times 25 years times you’re talking 2 out of 3600 months. 0.0555%.