The building has a parking lot with no cover and a brand new 30-year roof.

I am a successful business owner for two other companies and a single mother of two young boys that I homeschool. 

I also sold my own personal duplex in Kalamazoo (west side of Michigan) for $59,000 that was renting for $1,425 per month and a bungalow sale pending that is rented for $835 a month for $30,000.  

My parents bought and held two triples and a house that they rented in the Waterville area when I was going up.

We are older and my daughter is grown and we are looking to have enough passive income to live in and a little extra.

That is the cost of owning in a co-op AND a condo.

Those property's NOI would sell for the same cap rate and a cost to cure adjustment would be subtracted below the line.Finally CAP RATE IS OF ABSOLUTELY NO USE AT ALL FOR SFR'S AND SMALL MULTI'S! 

We do have a very active investors group with Kreia and a few others as well.

You will need to show a deposit and from the tenant and a signed lease agreement.If a bank has a waiting period, that isn't in Fannie or Freddie's guidelines it's called an OVERLAY.

I've used the thumbtack app to get a lot of subs out to a house, and a couple of them have worked out well.