Is it because he just has a bigger target in his back?

LoanListed 675KOffer 630K Target purchase price-650KDown payment 10%Rate of 2.6%Monthly Cash Flow $1,472 /mo Income $5,000 /mo Expenses $3,527 /moCoC ROI 34.88%Purchase Cap 8.21%Apartments in this area that rent of $1,300.00 Look like this. 

I would add that having goals or targets within that monthly/annual cash flow will help determine when you can quit.

So use a slightly higher expense ratio and your math should be a little more accurate when calculating cash flow.Also, we usually target buying AND rehabbing a 75%.  

So I would go check out many areas so you can target properties in specific neighborhoods. 

For myself, we have 7 new tenant placements this week the office is pounding out the paperwork on, I am listing half a dozen turn-key units for sale, we have 3 purchase offers we are moving through, 250 odd units on "cruise-control" with less than 2% revenue variance from covid-19, I am working through a few buy opportunities, 1 under contract, and I don't even know whats coming up next week or month, on average another 20+ tenant placements and so on.

. - I put in countless hours as the developer working on the concept for a long time I found the site, did a lot of research to identify a unique target market. - I'll be doing everything that needs to be done that my partner doesn't do, including marketing the units, ets., raising additional needed capital from pre-sales and investors, dealing with accountant, etc. - I GET 70% of the company and profitsWhat the builder puts in/gets:- 10k cash, mostly for good faith- The LLC/Partnership will rent his construction company for the duration of the project.

The total ROI, inclusive of loan paydown and appreciation will be conservatively 65% with a more aggressive target of 96% ROI.

At the end of the day, though, if your monthly payment is $1,200 on a 30-year FHA loan or $1,200 on a 30-year conventional loan, then in 30 years they will BOTH be paid off (barring refinance, sale, etc) and they BOTH hit your cashflow target now.  

However, during challenging times, you must look into your target market (tenants) and predict their behavior or feasibility that they will pay you.