Simple math results in a significant absolute negative cash flow if fully leveraged.

Raleigh is slightly negative Yoy price wise. 

I usually tell investors...if that is the way you are leaning, if you're like many of the very best and active investors who want to buy and hold and get 1 property a year, don't get your license. 

All cash invested $1m Market value: $1.2m= 83% cost to value (17% profit)What are people usually aiming for at a minimum? 

The "spectre" of lack of information usually gives people pause...Hope that helps give you some perspective. 

For other folks, here are some other entities that would, if you sold the property to, have negative tax consequences: YouYour spouseAny of your lineal ascendants or descendants (parents, children, grandchildren, and the spouses of children, grandchildren, — including legally adopted children)Any investment providers or fiduciaries of the IRAAny entity (like a corporation, LLC, or trust) where a disqualified person owns more than 50%Any entity (like previously listed) where the IRA account-holder is an officer, director, a 10% or more shareholder, or a highly compensated employee

At the time of lease signing they would give a check (usually like a cashier's check) for 1 full month's rent ($1000 in your example) and then the pro-rated amount would be due on the first of the month with every succeeding month being the full rent.For my own investing I usually look at it on a case-by-case basis.

I usually store most of those large files over at Amazon.

Usually, self employed hide money by not taking a "salary" but taking a "draw" / profit share.  

This is where all of the big budget busters usually occur.