My mom grew up on the front range so my grand father built a house in Louisville back in the 80s whivhhas since went up to probably t least 5 times the original value.

As an added bonus, sale comps should be easy to obtain since the real estate market continues to accelerate due to cheap money and low inventory.

The idea behind it is you (the investor) would be content with an 8% cash-on-cash return and you would obtain traditional commercial financing.

It will be your responsibility to find a loan that the property will qualify for and provide your loan with the necessary paperwork, ie rent roll; T-3 and T-12.  

I think the numbers are do-able as is, but is say expenses of 1600 a month (P+I+T+I) and bringing in 2,110 enough?

@Kenneth Garrett, @Matthew Irish-Jones @Roland Jerez @Zack Howard @David Gates @Kenneth Garrett @William Nelson @Josh Kredit-Phelps @Patrick Menefee @Gene Neeley III,@Kateesha Tearry and @Mark JohnsonI truly appreciate all of you for taking the time to reach out to me and share some of that wisdom you all have obtained over the years.

@James Hunt Have you received a T-12(trailing rent and expense report), reviewed the leases.

The other negative with a long term renter is I lose the flexibility that short term renting offers.Currently, I'm in the process of obtaining my real estate license which I should have by this summer. 

@Michael Chang convectional mortgages are easy to obtain in terms of mortgages. 

If anyone can recommend good books to help me get going on this goal because I’m not willing too back down from obtaining my vision of what my life not only can but WILL be.