I'm not sure what the issue is on this.

Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).

Is 6.2% Cash On Cash a good deal worth looking at ?

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Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).

You will need to look at your goals (and if you haven’t laid out a plan for what you want to accomplish in the next 10 years you should do so).

Since yours is only water and heat I would recommend you charge 50% and lower the rent cost rather than factoring it into the rent price.

If calling a plumber to fix a real leak is going to kill your reserves, this is a bad deal on a property and bad cash flow.The first thing to learn as a landlord is that everything is your responsibility to cure.

This is the best alternate to a stove top kettle.

But one big one, you never know who you are going to do a deal with and most of the investor focused agents are very apt to helping each other.