As an investor, using OPM(other people's money -- a mortgage), the purchase price and mortgage payments will dominate the cash-on-cash and cap-rate calculations.Yes, we would all like a Class A property for $1.95, but somewhere in reality is the balance for what can I get as rents and not have the expenses drive me to the poor house.Highly recommend the Calculators here on BP to evaluate the possible ROI using realistic numbers for each property.

The interest rates are higher and with the small period of time, your payments will be higher.

I just had a property turn over and followed this procedure for the showings:I advertise the property and handle all calls, emails, texts on it and set up viewing appointments (I group them all within 30-45 minutes on one day)The current tenants show the property to prospective rentersWhen someone applies, they email or fax in the application and pay the application fee via PayPal (although I am now trying out Cozy for applications) and I process the applicationIf the application passes, I prepare and email over the lease for signatureWhen the lease is signed and sent back to me, I send over a payment request for the first month's rent (via Dwolla or Cozy)At the check-in, I drive to the property to check them in myself and collect the security deposit in secured funds (or use Cozy to collect it beforehand)I have been doing the above for a long time and it has worked pretty well.

  $125,000 for one year, interest only payments at 6% with 2% PMI.The problem is that we are doing this deal remotely, I am in NJ and he is in NV. 

Landlord does not report our on time payments to build our credit.

Spoke to tenant and was told Sept rent should be coming, there was loss of child support, and rent payments will be back on track for Oct 1st.    

Its Fannie Mae.Debt is difference between projected Payment - and projected Rent.

You can usually negotiate payments terms as long you continue to pay something.  

3 BR/1 bath asking $170k.Taxes are $9,062 (although I saw at least one other figure on a different website, I went with the highest)Here are my assumptions:closing costs - $4,000rehab/initial improvements - $5,000 (this is a blind guess because there are no pictures of the inside available, but let's not focus on this number right now...)Rent - $2,000vacancy - 8% ($160/month)property management - 8% (the calculator I used (downloaded from BP) uses net rental income for this, so it's about $147.16/month)maintenance - $1,000/yearcapex - $160/monthinsurance - $1,000/yearwith a 25% down payment and 4.5% thirty year financing for the balance, I net a whopping -.82%.  

Typically if you have a large down payment of 20-25%, you can still find properties with positive cash flow in single family and you make money on the appreciation.I bought a newer Townhouse in home town Orangeville recently which is cashflow positive with 20% dp.I agree with Luc and Ming points, you have to be able to improve the property, either improve cash flow or increase property value with reno's.I have looked at multi family and retail net properties but have not found anything too exciting yet.