And the best kicker is that the owner is willing to finance it with 15% down and 6% interest, which is better than any bank.So, I'll go ahead and use the formula mentioned to see what the worst case scenario would be:$800/mo x 10 homes = $96,000/year-50% Vacancy and or expenses = $48,000/year-$1900/month mortgage = $23,000/year-$250/month water = $3000/year-$110/month trash = $1320/year-$1943/year property taxes per-$1800/year insurance-----------------------------------+$96,000 Income-$48,000 vacancy/repairs-$23,000 mortgage-$3,000 water-$1320 trash-$1943 property taxes-$1800 insurance-----------------$16,937 Net Operating Income @ 50% expense/vacancyWe would have an extra $19,200 if we can keep it at 30% which we're hoping/expecting to be at on the second year after doing some improvements and getting everything rentedWe also believe this can make us look good with the bank for owning property and having cashflow to be able to get another bigger loan in the future.

So your 25% ROI may not actually be that high when you factor in high turnovers rates, high property management costs, and unexpected capital improvements.

Basis = what you paid + capital improvements - depreciation to date.  

Taxes will be around 20% of your actual profit (sales proceeds minus purchasse price/costs, plus any improvements you did).  

In think tank these people have their own staff in turn you should also.

., no prior relationship), I suggest hiring contractors with a brick and mortar storefront or office that has staff of employees (field and office), that has been around for awhile and are, of course, properly licensed and insured.  

They start coming out in the spring when there is a huge push for home improvement.  

Lots of rough areas but lately getting an infusion of improvement.

Now is the time to be building your Rolodex, and starting to put together your "Team"...Lenders for your customersSupport staff for youTitle CompaniesMortgage LendersPrivate MoneyAppraisers & InspectorsContractorsMarketingBuyer's ListInvest time in yourself...

House hack a  4 plex, improve credit score to 700, triple my income from last yearProgress towards this goal:Working on increasing my income from my career in real estate and also doing some credit repair this will help me more so for the upcoming years and help gain some credibility with lenders.