There will be a new one tomorrow and another one after that.The headaches, the deals done wrong and the failures are what make you a better deal maker.

I am shocked at how good the rental maker is at the moment.  

If you can get a lot for that cheap and the city will allow a mobile home on it, that could be your best money maker.

Or it was removed as part of the indoor hydroponic marijuana grow operation.

You say you want to make real estate your career....ok but which part?

You must be talking about an indoor gym?

I would prefer to fix & flip the property and think I've found a couple potential money makers but there are so experienced people on here who I figured I should ask first :)

We don't permit indoor smoking in our properties-- it RUINS the paint.

All 2 bedroom unitsRents: $600 per doorMarket rents: $1100-1300 per unitRehab budget: $175kOther measures being implemented to increase NOI: Energy efficient LED lighting indoor and outdoor, RUBS, coin laundry, storage units, pet feesProjected rehab time: 6 monthsProjected ARV based on 7 CAP: $1.2mProjected cashflow after cashout refi: $400 per doorDeal#3Cost per unit: $55kRent per unit: $800-850/mo per unitProperty type: 4plex in Cincinnati How we found it: off market through Facebook groupStrategy: 1 year House-hack followed by 5-7 yr hold rentalFinancing: FHA loan 3.5% down @2.375% interest rate2 units owner occupied, 2 units rentedRental income covers all expenses and mortgage costsIf all 4 units are rented, property to cashflow $200-250 per door as-isLearnings:1) Mindset shift Reading Kiyosaki's Rich Dad, Poor Dad and Cashflow quadrant motivated us to - let go of our liabilities and build assets, move from Employee quadrant to Entrepreneur and Investor quadrant and put us on the path to create passive income.  2) Education - We spent a year reading books on real estate investing, listening to podcasts, reading BP forums and analyzing deals.

So if I owned the place you are buying, I would make the rent $50 higher than if it did not have an indoor parking space included.