With tons of ex teammates and international students looking for housing in our small town environment, there is a untapped avenue to succeed.

With tons of ex teammates and international students looking for housing in our small town environment, there is a untapped avenue to succeed.

Because this will be my first Multifamily as well as my first time being a landlord , I'm very much in love with the idea of very low CAP Ex Repairs needed in the first 5 years, the tenant quality applying to a new build unit in a new community, Just a much nicer and newer product for the money .

I am assuming the $500/month neg cash flow is projected with underwriting that reflects all anticipated costs such as maintenance/cap ex, vacancy, pm, taxes, insurance P&i, misc.  

With tons of ex teammates and international students looking for housing in our small town environment, there is a untapped avenue to succeed. 

I know someone whose ex got his social security check garnished. 

I made (or should I say my ex wife) made a nice profit on our first land/new mobile deal that we did when I was younger. 

I've seen all from folks coming from Honduras, a drywaller originally from Peru, a Vietnamese beautician or an ex Afghan soldier LOL. 

@Craig J Chelette it's hard but not impossible :) I just closed on a duplex in June for 300k (in Provo) , put 10% down with no PMI.mortgage, taxes and insurance $16073% vacancy (vacancy is almost nonexistent in Provo but I wanted to be conservative) $695% repairs (bought the home with everything remodeled) $1158% cap ex $184I did not include PM because I will be managing it myself BUT every property from here on out that I analyze will include 9% PM.$50 other expenses (google fiber)gross monthly rent $2300 (1400 up and 900 down)cash flow $274.39 with a CoC return of 9.27%My realtor found it on KSL - it wasn't even listed on the MLS.  

But with all major repairs done and a cash flow of $4000/month (with healthy allowances for maintenance and cap ex) we hope to start taking a monthly cash out in a year or so....