I've been haunting the forums for some time, soaking up info like it's going out of style, and figured it's about time I said hello and thank you for everything I've learned so far.This is really an amazing website, there is so much to learn! 

Hi @Sharon Young The wealth of knowledge here is amazing.

The house is in an amazing neighborhood and hasn't been touched in 40 years.

When people ask you where you got their information, just laugh and say that it's amazing what you can find in the Internet.

Plugged it into the spreadsheet, here's what I came up with: Assumptions (pulled from the linked sheet): -Purchase Price: $133,000-DP: 30% -Rate: 5%-Term: 30 Year-Closing Costs: $3700 (National average, will depend on your loan and deal)-Insurance: $2616.00/yr-Taxes: $2100.00/yr-Repairs, Management, Utilities: ~10%/yr (Roughly 3% repairs +$3750+$6000)-Gross Income: $2650- Appreciation rate of property and rent increase rate both equal inflation -At sale, 6% realtor fees + $1000.00 in other fees (probably not enough) Results (assuming you hold for 5+ Years):-Cash Flow: ~$4600/yr -IRR: 13%These aren't terrible numbers, but they're not amazing either.  

I honestly would not have been able to make this leap without the TONS of amazing advice and dialogue on this site.

Hopefully someone in the forum can share their experience with this if they have worked with vocational schools to hire some of their labor to complement their current staffing.  

I was amazed at what she did not know.

I have had a horrible "credit" tenants who have been stellar every where else turn out to be amazing!

My last one was in desoto mo I really wasn't looking to invest in that ruaral of an area but it was an amazing deal and has been cash flowing great since I rented it.