I do plan to leave the hardwood floors that already there in the hallway and living room.

Since the owner is leaving, I'd try to get title with a Sub-2 and then lease it as that will give you the authority to make repairs, improvements, contract labor, address assessments and any legal matter that arise like code violations.

Subtract $330 for P&I and that leaves cash flow of $270 a month or $3240 a year.

I keep a close eye on craigslist to avoid leaving cash flow on the table.

Maybe go back and leave another letter later?????

Then yesterday she leaves me a message asking if I have called him yet.

I knew that I wanted to invest full time and leave the JOB and my idea for doing so was to buy 100 units each cash flowing at $100-$200 per unit which would give me a very comfortable living.

I am leaving in the morning for Florida and will be out of town for the next 11 days which is most of the deadline so it will be a little difficult to arrange the work to be done.Any suggestions?

The quick and dirty 50% rule would say that with $1900 per month coming in, $850 would go out in expenses, leaving $850 for the mortgage.

I'd let him out sooner rather than later (heck, let him leave by July 1 so you can get it leased by August 1) Around here stuff goes quick if it's priced fairly.