For example purchase price of $324,900Gross Income:$49200Expenses: $8000Net income:$41200Cap rate: 10.4%I input the expenses into the calculator in a way that divides the $8000 by 12, remove all other landlord expenses except management (10%) and received this result:CF: $1640.44 Exp: 2459.56CoC ROI: 19.99%Monthly income : $4100Does this seem right or am I missing a step.

I should be able to get the rents up from 6.5k per month to 7.5k by next year with a little TLC.I thought I would post this to encourage anyone out there that is wondering, if they can do it or not, to step out of your comfort zone and go for it.

Not even going into the hassle that caused personally, having to switch rental payment methods without notice created a real mess.  

Joshua Lyon : Not clear from your statement whether you knew ahead of time that this was an international wire transfer.This FDIC page may be a good start on what your protections are and what to do now in that case:https://www.fdic.gov/consumers/consumer/news/cnsum13/sending-money-abroad.htmlIn any case, you should file a “complaint” with the FTC and request a cancellation of the transfer from the banking institution on your end (this will not get your money back, but it’s a step you need to take.)There was a lawsuit brought up by First American Title against a real estate agent who allegedly failed to secure his email account.

I am 26 and I am finally ready to take a step into real estate, and I have to say that it is quite intimidating.

Take the band aid method, discontinue the leases for the month to month tenants who are well below average and update multiple units at the same time and get the updates done asap 3.Raise the rents letting the tenants decide to stay or leave which will give question to who stays or goes but I'd probably have at least 2 or 3 leave up front. a.

I'm primarily focused on using the BRRR method to purchase these homes. 

Share your real estate goals and/or what are your next steps and we'll try to help you get there.Best!

First step is to talk to lender to see what you can afford (called a pre-approval) and look at all of the different low-down payment options. 

I'm liking the BRRR strategy but would like to step up to multi-family.