All other assumptions look good to me, but I must admit the cash flow per month wouldn't meet my criteria for the investment - it's lower for my returns.

I would ask your PM company to continue with the eviction OR offer a cash for keys deal. 

Cashed out on a primary to buy an investment when the rates were good.

To maintain a 1.1 DSCR your loan payment must be no greater than 1,909/month. 

You don’t want tenant paying the HOA directly because you’d still get charged as the owner if they don’t pay or pay late, so best to handle the HOA payments, yourself.

@Mac Boeve if I had a dollar for every applicant claiming identify theft, they only cosigned for a relative or friend, they're working out a payment plan on that chargeoff or they have no idea what that is, so it must not be theirs - I wouldn't be here on BP!

Hi Alex, I have a few S8 tenants in Detroit, but most of my tenants are "cash paying".

You won't be able to buy fixers out here all cash for $100k!

Wasted cash.

I am looking to stage a cash-out refinance to occur the same day I close on a property.