Taxes are about 150 a month Basic insurance will likely be about 60 a month Im figuring 150 a month for maintenance and capxThe morgage would be 305 a month if i do 15 year at 6% with 20% down Totaling to 665 Rent in the area is around 800 a month.

Obviously Charlotte is the major metro but to your point it’s hyper competitive.

With these recent comps, I've just been wondering if there could be anything to this bizarre and totally illogical thought of "am I just priced too low for some reason? 

The first set of contractors sent to the property provided a preliminary estimate of repairs in which they are quoting a total of $86,000.

I was going to have it inspected obviously, but now I am going to let the opportunity go. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The whole area is a total mixed bag--building years from 1959-1983 and square footage anywhere from 1000-1900.

Estate planning for nonresident aliens is imperative, given the total value of your father's estate (amount of $60,000) will be subject to the 40% U.S.

Add 0.4%.So we're looking atBase fee: 10%Tenant placement: 4.2%Renewal fee: 0.5%Inspection fee: 0.4%Total: 10+4.2+0.5+0.4 = 15.1%Of course, this will vary across markets and between PM's.

JeffListing Price:$159,000 INCOMERental Income$1,748 $.85/sqft.Garage$0 Laundry$0 Storage$0 Misc$0 Total Monthly Income$1,748 EXPENSESTaxes, Property$350 Insurance$100 UtilitiesElectric$0 Water$100 Sewer$50 Gas$0 Garbage$0 HOA$0 Lawn/Snow$0 Vacancy$100 Repairs$100 "Capital Expenditures (i.e. new roof)"$150 Property Mgr $0 Mortgage $705 Total Monthly Expenses $1,655 CASH FLOWIncome $1,748 Expenses ($1,655)Total Monthly Cashflow $93 CASH-ON-CASH ROIDown Payment $15,900 10%Closing Costs $5,000 Rehab Budget$5,000 Misc, Other  $0 Total Investment $25,900 Annual Cashflow $1,111 Cash to Start: $25,900 Cash-on-Cash ROI 4.29%