@Parker Stiles I am interested in the traditional agent side now, but eventually I would like to invest into properties on my own.

Again you and your broker will know Ohio better than me but from a macro perspective my knee jerk reaction is you should push for 9-10%.Lastly you said the building has sat for a year, major red flag in such a hot market.

@Marcus Auerbach  the option seems like a nice way to go that could be compelling on both sides -- to my knowledge there is only a Lease to Purchase Option state agreement in NJ, but I'm sure I can work something up with my attorney.

These sites have been a hot topic for some for awhile as it appears Nationstar also is an owner in Xome.

Typically, I do about 5 flips a year on the side, but the main business is rentals.

On the plus side, the seller was super motivated and wanted to leave ASAP.

I've been looking for a while for something, and one of the real challenges seems to be people do not have a clear definition of what they are looking for on the software side.

I will probably want to refinance at least 80% of that into something fixed at some point to hedge against rates going up.Monthly costs:* debt service = $441 (141,000 *0.0375/12)* insurance = 78 (quote from Geico)* HOA: 860* taxes: $149 (it's $894 each per year)* repairs: $100 (I'm estimating a little less than with an SFR because with a condo I don't worry about the roof, the hot water heater, landscaping, etc.)total: 1628Monthly income: $2660 (1410+1250)Net: 1032Cap rate = 8.7% (1032*12/141000)Things I didn't include: closing costs, vacancy.

I am confident (will verify with PECO of course) that the property has a street-side gas main so there would not need to be costs associated with extending a main.The property has central air, oil heat and oil hot water. 

I'm looking to have siding installed on my primary residence.