I thought the 2% rule was pretty easy to hit in that part of Ohio.Don't get me wrong, solid deal in my neck of the woods in Utah...

That should generate $20,000 or more of cash each year if you invest in solid properties.

Hi Jon -- you're in my neck of the woods.

I prefer longer term leases, especially with a solid tenant that pays on time.

I would then want a solid rehab estimate (not just a general statement about the state of the property).

I only owe about $70K on it so I may keep it for a while.If you get the right price and the building is very solid, you may be OK.It takes a lot of looking to do it.

I still think the idea is solid, just not when it comes to execution (ie. when it matters).

We are only looking for ourselves- not doing an inspection for anyone else.Is it as easy as looking for "sawdust" and sticking a screwdriver in rotted wood or does anyone have a few other tips?

Without debt servicing, NOI = Cash Flow$5,400 / $53,050 = 10.2%With a 1.8 or so % rent to price ratio, you're going to get solid returns.

I recently had a units 1st floor flood from a leak in the laundry room, which subsequently destroyed the wood laminent flooring.