Your safety is the most important factor in all of this.

But be clear that rent must be received by you no later than the due date and that they’ll have to factor that in if they’ll be mailing you a money order. 

I'm not as familiar with Beckley, but in Huntington, Charleston, and Eastern KY the house is just as likely to lose 2% as it is to gain 2% so I don't even factor it in. 

It is imperative to know that your property is healthy.Trevor Conklin, you will need to factor in other costs such as insurance, water and management fees. 

Does this sound like a fairly accurate way to calculate my initial deal or would you be factoring in other things as well?

But this factor 2 just seems too large to me.

Cash reserves are a way to help you mitigate risk....but that is a factor completely independent of the risk involved in the activity.

If you are looking to be financially free and live off the investments forever; look for syndicators that plan on doing “legacy plays” where they rehab the property, refinance and hold onto the property for life.

What can be built over the Storm Drain easementAny other limitations/factors/etcThe land has been on the market for 55 days and had a pending sale a month ago that fell through.

Let me know if it should go elsewhere.I closed on a 3-unit MFH on 12/3/2018 which had existing tenants (which was one of the selling factors).