Net income = $39,240Monthly operating expenses are as follows: Trash - $33, Landscaping/yard - $66, Electric - tenants pay, Water - $95, Maintenance $87Monthly taxes about 3KSo, gross expenses are at $41,064If I'm doing the calculations correctly, my net operating income is -$21,888 and cap rate is -3.4%.Obviously the current numbers look terrible for this investment, but I feel like the rent should be raised significantly based on comps (above 2K each unit). 

-Purchase price = 88,500-Amount currently owed = 70,340-ARV =$145,000 (NOTE - we have not gotten a formal appraisal, basing this off comps in the area)-Lease= Signed 12m lease at $1125-Current Monthly Mortgage = $617-Credit score = 792-City = Greer SC

I’m based outside Houston, I bring over 14 years of managerial experience in chemical manufacturing to the table.

Hello Faiz,If the property is paid off and it is rented out, I might recommend a DSCR loan as it is based off of the asset itself and most DSCR lenders do not need W2/Tax Returns.

This was based on our continuing commercial relationship with this institution.  

The colossal failure of their iBuyer program a few years ago showed the world the dangers that exist when the flaws of algorithm-based estimates are overlooked.

What you have to remember about Awning and other estimate sites is that they are pulling averages based on a specific criteria, whereas they cannot differentiate the decor, neighborhood, distance to various attractions etc.

Based on that definition, the answer will always be "yes". 

I would love to touch base with someone on strategies on how to monetize these leads.

I’m active duty Air Force and ran into the same issue at my last base.