There are a lot of features we hope to include soon, which are not yet operational.

We knew that all it needed was an operational overhaul to get it profitable so we dove in.

I have been responsible for the entire operation including managing a maintenance crew of 6 employees.

Its just about break even, which just shows you have far off that 2% rule is.Purchase price:$200,000 Rehab cost:$0 Rent:$1,650 Exp, vacancy, capital %:50%Loan rate:4.50%Loan term:30Down payment %:20%Down payment:$40,000 Loan amount:$160,000 P&I payment:$810.70 Expenses, vacancy, capital:$825 Net Operating Income:$825 monthly cash flow:$14.30 annual cash flow:$171.64 total investment:$40,000 Cash on cash return:0.43%Cap Rate4.95%Is that a good deal?

You're over loading the mule and giving the horse the baggage that falls off along the way.So, we need to know what the limit is that the mule can carry to know how much will be given to or carried by the horse when we get to the end of the trail.

Rob,It is best you operate your business the way you feel best and I will do the same.

I could be wrong, but nearly every Guru course I have seen posted here has the same method of operation.

Of course, continue to do your due diligence, but as another company operating in Memphis, I have not seen any red flags on them or their company nor have I had any other investors come ask us for help after doing business with them.

Hello everybody,I am a Real Estate agent operating business in India and in Bahrain.

The couple I am looking to buy from are dwindling down the size of their operation (the wife manages it all and is sick of managing 170ish units by herself, she hates delegating work so she is cleaning and doing to much labor).