I have a list of 300 people, should I spend my money skip tracing and doing ringless voicemail which would come out to around $450 OR should I use my money and do Facebook ads instead?

I also added in the 10% management fee.

As a new investor looking to buy a distressed property I contacted what I thought was a wholesaler from a Craigslist ad.

(Utilities were rounded up on my part)The asking price is $115K (in a very small town, but the biggest town within a 50 mile radius).Monthly Rent                                          280010% Vacancy                                        -    280Gross Monthly Operating Income     252010% Property Management                   28010% Repairs Maintenance                      28010% CapEx Reserves                                280Property Taxes                                          280Property Insurance                                   200Heat                                                             270Electricity                                                    225Water                                                             75Monthly Operating Expenses              1890   Total Annual Operating Income           30240 Total Annual Operating Expenses     - 22680Annual Net Operating Income             7560Purchase Price                                    115000Cap Rate                                                6.57%25% Down Payment on Loan             28750Loan Amount                                        86250Closing Costs                                             300Length of Mortgage                             20 yrsAnnual Interest Rate                              5.0%Total Annual Debt Service                  6831Annual Cash Flow                                    729Monthly Cash Flow                                  $60Cash on Cash ROI                                   2.3%When I first saw a "6 unit apartment for only $115K" I thought it was a gold mine.

- To test demand run a "teaser" ad on Craigslist advertising the units- Why is the population declining?

It is a D class rural neighborhood.

I currently live in a D minus area were I have to watch my back just to get in my car. this new area is not the ghetto allready a big improvement for my personal living circumstances.do these numbers add up to any of you guys?

@Melissa Lee are you still cash flow positive by adding in the $200?

There is less competition there and you have the rewards that can come from the cap rate when adding positive improvements. 

I want to remove my cell number and add the google voice #.On the flyers/door hangers I thought of doing the same thing but adding the website.