Then pick up the phone and call them and ask if they’d consider an offer on there property.

If we weren't mortgaged, it would be closer to 15-20% of total cashflow.I do buy higher price point and larger homes than what people consider an "average" rental property. 

I have mostly been focused on out of state properties, however I would consider an MA property if I were to find the right one.

You also need to consider an ongoing maintenance budget and a budget for common area utilities.

I'm not trying to scare you away from it, and maybe I'm just a little chapped about them not initially giving me more than 2 days to consider an offer because frankly, I would have bought it... but the whole situation just seemed off to me.

I can't really determine if an investment is good or bad based on the 1st year information.I consider an investment a Vehicle.When you drive your Investment Vehicle, your eyes need to be looking through the windshield and watching what's in front of your (the future).

You may consider an LLC for legal protection, but not for taxes.

Just something to consider, an upgrade would cost money but will likely have to be done sooner or later anyway.  

Hi Bernadeau,I agree with @Todd Dexheimer 100% that you need to consider an exit plan. 

@Natalia Jimenez  I would consider an 80 (you)/20 (brother) split in the beginning.