Keep in mind this will be at a much higher rate than your current 3.2% interest rate, so I'm not sure if paying off the existing loan is a great choice.

Hope that helps! 

Purchase price: $197,500 Cash invested: $32,758 Buy and Hold Short Term Rental In Cleveland What made you interested in investing in this type of deal?

@John McKeeHave you considered bringing on someone or some equity to help with the more money down.

Hi All,I run into this all the time.

Those are going to be my biggest questions when looking for something like this on or off the market.

On Page 134, he lists the following when analyzing a deal:Sales Price: $132,490.00Sales Expenses: $17,000.00Loan Balance: $55,004.72Total Invested Capital: $35,950.00Profit: $24,535.28I agree with his thought process here when he calculates net profit, but I'm trying to verify the net profit by adding up all the sources of income over the past five years in his example by doing the following:Appreciation over five years=$12,490 (see chart on Page 133).Cash flow ($297.73x12x5)=$17,863.80 over five years.Loan paydown: ($60,000-55,004.72)=$4,995.28 over five years.Sales Expenses are still $17,000.Doing the math, profit= $12,490+$17,863.80+$4,995.28-$17,000=$18,349.08There is a $6,186.20 difference from the net profit he calculates.My question is: Is this $6,186.20 difference due to the forced appreciation gained in the property from the rehab he does in this example?

Sometimes not telling us for a day or two after the fact.Just wondering how others handle this in their rentals.

Or they can try to find a locksmith (we only have two in this area) and pay $40 - $60 to get in.

What made you interested in investing in this type of deal?