I've lurked around BP for a week or so, and reading a blog article about taking action prompted me to setup my profile and start engaging the BP community.

I neither have the time nor inclination to spend very much of my time engaged on this or any other forum so often what I post is a short version of what I share with clients and customers.

Overall, it sounds like having QuickBooks from the beginning of the project is the easiest way to go.

Some points about me and this property:- it consists of four 1-bedroom apartments - rented to young professionals- this is B property in a B neighborhood - current rents are $2300 ($550x3 and one $650 - the $650 is the newest tenant and the apartments are identical - so it sounds like the rents can be increased in the other 3 upon lease expiration)- it's listed at $139,900 and has been on the market for about 3 months- my calculation on this property is based on full asking price and current rents- The COC ROI is misleading based on the way I did the inputs -- the only cash out of pocket will be closing costs which I've been quoted to be about $7000  out of pocket. 

If you would ordinarily accept applicants with a credit score above, say, 725, this sounds like a solid applicant.  

Good evening, sounds like you need a new realtor..

Sounds like a good plan @Louis Mannikko.

My question is, does this sound like a good idea?

Does this sound reasonable for the area and what is your experience in leasing this area?

Sounds like a subject2 deal but need to understand the above first..