I don't wholesale much because I like to keep and own assets that pay me over and over, but you have the right idea Account Closed.  

Cash out of my pocket $6,000 closing costsRents at $2,400 monthly with 10% vacancy rateTax & insurance15% property management costCash flow would be $420 monthly/ $5,040 annually cash on cash return 89.9%Or $220,000 subject to obtaining financing (25% down at 4.5%) and inspection, other contingencies.Cash out of my pocket $58,000Rents at $2,400 monthly with 10% vacancy rate after Tax & insurance15% property management costCash flow would be $420 monthly/ $5,040 annually cash on cash return 14.6%I appreciate any feedback.Ginger

Many investors do better with liquid assets.

Real Estate GoalsEveryday I feel the time slipping away with my kids.Our goal is to obtain $5k/ month in cash flow in 5 years through rentals in single families, multi-families and apartment buildings in the Cincinnati area. 

They are willing to cover the entire down payment needed for obtaining a commercial loan to finance this deal. 

I will be using a conventional loan to obtain the property so I will have to occupy one side of the home for some time.

If you show your wife the increase in income by buying more, then maybe you can alleviate her fear of holding more debt.These are business assets, it's best to treat them as such.

We want to do this to get access to more conventional loans and for asset protection reasons in the future (I don't want to make two separate LLCs for the two properties I own in the state.) 

SFR is a way but most SFR investor migrate a portion of their portfolio to other REI asset classes over time and often to syndication after the hassles of owning several homes starts to take its toll. 

My takeaways were that they're generally depreciating assets and not good for much.