Not a gold mine but learning and setting up my team. 

(Utilities were rounded up on my part)The asking price is $115K (in a very small town, but the biggest town within a 50 mile radius).Monthly Rent                                          280010% Vacancy                                        -    280Gross Monthly Operating Income     252010% Property Management                   28010% Repairs Maintenance                      28010% CapEx Reserves                                280Property Taxes                                          280Property Insurance                                   200Heat                                                             270Electricity                                                    225Water                                                             75Monthly Operating Expenses              1890   Total Annual Operating Income           30240 Total Annual Operating Expenses     - 22680Annual Net Operating Income             7560Purchase Price                                    115000Cap Rate                                                6.57%25% Down Payment on Loan             28750Loan Amount                                        86250Closing Costs                                             300Length of Mortgage                             20 yrsAnnual Interest Rate                              5.0%Total Annual Debt Service                  6831Annual Cash Flow                                    729Monthly Cash Flow                                  $60Cash on Cash ROI                                   2.3%When I first saw a "6 unit apartment for only $115K" I thought it was a gold mine.

My company has over $100 Million dollars of currently finished and built properties for sale right now in four different states in four major markets: Park Slope and Caroll Garden Brooklyn NY ; the New Jersey Gold Coast overlooking Manhattan ; Center City Philadelphia prime Rittenhouse Square ; And dozens of oceanfront condominiums and single family homes along the beach in super prime Palm Beach County Florida.

Any surprise gold is over $1000/oz?

It looks like Kevin is touting his new company and offering calling it a "gold rush".

Advice like this is gold.

My intentions are to stay the course on debt reduction.From a personal property standpoint someone will get a good house in a great neighborhood and make it worth its weight in gold.

Dollars used to be coins of solid gold.

I am a seasoned rehabber and I have been watching a foreclosure for some time and they just reduced it by $15,000 now I need a POF letter to make a bid. I have been buying very cheap houses and rehabbing and selling a...

Nice extra cash cow :)Also ZG on gold, another no brainer :)Congrats on the nice sale!