That way you can at least get a down payment and some operating income.

Seems like a pretty good operation.

Thanks David Beard It appears that I have been calculating a lot of rental properties I've look at all wrong.So to further clarify:Gross Rent * 50% = Net Operating Income(NOI)NOI - P&I = +$100/DoorThe other 50% of Gross rent will pay for ALL other expenses including: Repairs, Maintenance, Improvements, Property Management, Homeowners Insurance, Utilities, HOA, Property Taxes, etc, etc

Welcome to BP Chris Gylseth Sounds like you're loaded down with money.

Do your homework and make sure that your rental income is enough to cover your loan or operating costs plus you want some cash flow each month.

I gave him the measurements and his guys loaded the finished product into my trailer for less than half the price of custom installs.

Marie Poe is absolutely right about operating expenses.

There were loads of foreclosed properties on there for sale for as little as $5000.

However, an idea may help you to better operate with greater success.Think outside the box.

Everything I see checks out okay except for their willingness to put their operating agreement and subscription agree on their website.