"Ma'am, I live next door.

Cashflow looks to be about $100/door/month to me.

Here are the particulars:Purchase Price: $69,900Gross Monthly Rent: $1050Monthly PITI (20% down at 5.5% 30 yr fixed): $590Estimated COC: 28%Estimated Cash Flow Per Door: $175The GRM wasn't overly impressive.

I don't have any bad experiences, but I did make minor mistakes with my leases, which I immediately adjusted for the following property.As long as you know your market, in regards to rental rates, and if you're acquiring your properties at $15k per door and can get $500 per unit, then it does look like a great opportunity.

At the very least, I kept the door open for the guy in the future, I pointed him in the right direction on solving his problems, and I did some research on the development which was something new I've learned more about.Thanks for all the help!

This was on a busy street and a traffic light was installed at this time, with the light being about 15 feet from the front door, not an ideal environment for a rental.

I have no idea what my expectations should be, I keep seeing that you should aim for $100 a month per door.

If you look at the picture that you linked, all the windows and doors have windows above them.

Using some sort of list (foreclosure, code violations,etc.) and knocking on doors is another way.

Handled the right way you could end up with a deal you could do or a wholesale opportunity.