So let's see what the net looks like:2421 rent - 242 (prop mgmt) - 2035 (expenses as outlined above) =  (+) 144 / month.So, Nikki proved me wrong - you can find a positive cash flow property with 20% down assuming the rent amount of $2421.As such, this could be a possible play for a new investor who is looking for solely hands off  turnkey. 

Hey @Faaz Hafid no worries, good place to come when you're new. 

We spent a total of just under 50k renovating the property, all new windows, interior including paint, flooring, updated plumbing, electrical, all completely renovated the interior including removal of popcorn ceilings, and all costmetic updates, cabinets, countertops, light fixtures.

So your new bank will just pay off the loan to your “LLC bank” and you have a new mortgage with your new bank.

We spent a total of just under 50k renovating the property, all new windows, interior including paint, flooring, updated plumbing, electrical, all completely renovated the interior including removal of popcorn ceilings, and all costmetic updates, cabinets, countertops, light fixtures.

@Mitch Tauer I am new to BP and live in Kenosha.

Now a good point though when their deals dont work do they change their lifestyle to accommodate the new reality ..

.- Received an offer for one of our new construction homes in Palm Bay, FL.- Completed a 7-minute speech at my local Toastmasters organization. 

I just took over management 2 years ago and don't think previous management/landlord ever did roof maintenance (giving it was still new back then). 

I am reaching out to anyone looking to lend on fix and flips in southern New Jersey.