So I suspect his commission income yearly provides all the cash flow he could want or need.. :)Maybe one of you Memphis turn key companies that have good reputations will contact the OP off line and offer to do an assessment of what he has..

Only big commercial enterprises with lots of cash flow can get financing with out having the owner on the hook as well as the company.   

Even at $72,000 it cash flowed.

So, my numbers look like this:$1,580/month income$400 "lease" payment to Owner$80 Lawn/Snow$60 Trash Pickup$90 Water/Sewer$125 Electric$125 Propane for Hot Water$150 Maintenance $250 Property Tax$50 InsuranceShould leave a net cash flow as-is of $250/month.

I had to extend the analysis over 10 years for Frank Gallinelli's methodology since first year has a higher cash flow as capital costs are zero (since rehab is factored into the loan) but is a 6% of annual rent year over year.

Commercial financing is easier in a lot of respects than residential...the cash flow of the building is what matters, not so much the income of the borrower. 

After 2yrs, you can use the rental cash flow as income which will help to offset your debt-to-income ratio.

Long time lurker, first time poster.Over the last 18 months I've purchased 4 buy and hold properties and I just signed a purchase agreement for my 5th, a duplex is Grand Rapids, Michigan.Every property I've purchased cash flows well and I'd like to keep snapping up as many as possible.

First thing first, you will have to determine if the price is reasonable to FLIP or try to do an Air bnb model for high cash flow.

Prefer properties that can expect positive cash flow from start and do not depend on sale to provide the return.