I'm upgrading my Temple U. student rental and am going with granite countertops.Hook me up with your best/cheapest/easiest to work with.I'm in the Fishtown area and the property is near Temple's campus.

If you can get rents to average....700* 4 = $2,800/mo $33,600/yrTaxes - $3500/yrWater - $600Garbage - $400Vacancy Rate - $2800/yr (this is extremely conservative, could maybe be half of this depending on turnover rate)Cap ex - $3,360 (10%)Repairs - $1,680 (5%)PM - $3,360 (10%)Insurance - $900Net Income - $17,000 ( Divide this number by the desired cap rate and thats what you should be ALL-IN for) If the cap rate for the area is 5% then you could be all in for $340,000...theoretically speaking.

Half of something is better than all of nothing!

Easiest financing available and requires 50% from you on a rented or rent-ready property only.

I would even be willing to go in half because it would be a selling feature for future potential renters.

It could save you half of what you quoted.

A 7 cap is absurdly low for Lansingburgh, that area is one of the sketchiest in the capital region, half the houses are boarded up, theres a TON of rental inventory on the market because even low income renters are fleeing the drug violence.  

I've probably listened to more than half of the episodes.  

Thank you Joe Villeneuve That's the easiest explanation to understand yet.

Half of the estate agents pulls off the moment you mention DSS, and the other half has super detailed applications where they demand a minimum income that she can't reach.