@Joe Johnson Are you purchasing the property as an LLC if so I cac recommend a few lenders?

I'm looking to optimize more for CAC vs. appreciation for the first few pieces in the portfolio, interested in some of the other peoples strategies in the area. 

Especially since we're adding two zone CAC/Heat, adding more outlets to bring it up to code, and adding light fixtures in a few rooms that didn't have them in the past.

I'm willing to work with off markets deals. so yeah, please dm me if you have and would be interested with any good turnkey(I can accept some TLC types). 20% cac returns can be tough. but with appreciation and cac returns I have seen 35-50% returns on my previous deals.

You may not like what you find but don't jump into this without guidance.Here is a startCalifornia Code, Civil Code - CIV § 1695https://codes.findlaw.com/ca/c... 

., the FTSE 100 is off 40%, the French CAC 40 is down 43%, and the German DAX 47%.

I actually have a CA C Corp that I can use as a management entity. 

When looking at a property be more concerned with the return on equity if you're doing rehab and the CAC for the rental rate.

I recently came across the following listing (https://www.trulia.com/p/nj/mo...) and wanted to get your initial thoughts / mindset on how you would potentially analyze this property as a potential investment.From a high level perspective, these are the variable factors that I considered when crunching the numbers:- Purchase Price: $500K- 20% down / 30 year mortgage~6% interest rate (conservative rate)- ~$9,500 / year in property taxes - agent mentioned you could potentially collect a total of $4K / month in rent (one unit is currently being rented as month to month while the other is vacant), but let's use ~$3,800 to be conservative- so ballpark estimate of my monthly mortgage will be ~$3,500 and if I'm conservatively estimating a total of ~$3,800 a month in rental income leaving me with a net ~$300 / month- therefore my CAC for the year ($300 / month x 12 = $3,600 / initial cash outlay of ~$112K ($100K down + ~$12K in closing costs) = 2.5%I know there are other things I didn't consider such as vacancy rate, maintenance, and whether I would use a property manager which would all drive the return even lower but a 2.5% return doesn't seem like a good investment.Am I thinking about this the right way?

@Dong Yan  I totally agree with @Khiem Nguyen-Trong and will only add two things.1.