@ Joseph M - it was a $400k SFH in Tempe AZ.... so not your typical OOS C- rental....mine was renting $1600 back in 2004...Still tenant don't seem to stay more than 6-9 months , non stop repair request, all repairs at 3x the price.... on and on and on...This is still a mystery to me... when I self managed my rental in SF, tenant stay 3 to 7 years, 1 repair a year if that much....To this date, I did not figure out why OOS rental is non stop issues for me..At any rate, that property, had I hold it, rents $1800 today and about $340k today.... so good decision I did to cut loss... pad on my shoulder ...lol

The experience and opportunity would be invaluable to me at this point.

My lender quoted me at 5.375% for rental property loan with 20% down (150-200k purchase price). 

Hi @Terry Lao - my friend.and thank you for your input Account Closed.Allow me to bring you up to date with where this long-term investment property is:I closed on it for $214,000 July 14th.  20% down, 4.75% interest puts me at just about $900 mortgage payment.  

If this meets the 1% rule, why am I not seeing any "meat" for CapEx and cash flow?  

If going the non conventional loan route....Usually 20-25% of the deal will get it done in most cases. find something that meats those parameters and you should be on your way 

.  ;-)Private message me or text me at my number below and we'll set up a time to talk.  

Hi @Michael Travis parrish.....feel free to reach out to me at my number below and I would be happy give you some insight on the Vegas market.  

I then messaged them via text after I receive a nasty message and they blocked me... At

If the deal has enough meat on the bones to hire a GC and still make money then yes.