That would get me to $250/month in cash flow AND 15% Cash on Cash return.Here are the numbers as I see them:Total Due at Signing $14,850 Mortgage Rate 4.25%Length of Mortgage in years 30Monthly Mortgage payment $1,080.55 Taxes $416.67 Sewer and Water $100.00 Trash $- (Does the city pick up trash as part of your taxes?)

I wouldn't count the lot in back for extra income, but more cash to you if you can get something out of it.I see $1080/month income against the following expenses:Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $225.47 (this is at full asking price + 5k in immediate repairs rolled in)Taxes $83.50Sewer and Water $- (are you 100% sure that the tenants pay this bill?)

This is the VA and they are starting to do this apparently to shorten the length of time they hold their OREO.

@Dylan McLauchlan I offer flexible lease lengths to students.

I have done a deal using transactional funding but never over that length of time.

Some of which are guesses.Mortgage Rate 5.00%Length of Mortgage in years30Monthly Mortgage payment $535.48 Taxes $550.00 (this seems insanely high for a 75k property)Sewer and Water $100.00 (guess)Trash $75.00 (guess, this is what a dumpster would cost me emptied every other month)Heat/Utilities $-HOA $-Cap Ex and Ops $250.00 (your number.

I wrote a pretty length post recently for someone who was thinking about getting their license.

Judge was incredulous about the length of time before the eviction was started.

Then this would be a decent buy at $95k in my book.If the $383 tax number is monthly, I'd pay $43,500 for this place.Both yearly against $1200/month in rent:Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment $407.98Taxes $31.92Sewer and Water $-Trash $-Heat/Utilities $-HOA $26.25Cap Ex and Ops $150.00Insurance $58.33Mgmt Fee $120.00Vacancy $96.00Total Expenses $890.48Total Revenue $1,200.00Cashflow/month $309.52Cashflow/year $3,714.19Cash on Cash Return 15.16%Taxes are monthly, HOA is yearly against $1200/month in rent:Mortgage Rate 5.00%Length of Mortgage in years 30Monthly Mortgage payment$ 186.81Taxes $383.33Sewer and Water $-Trash $-Heat/Utilities $-HOA $26.25Cap Ex and Ops $150.00Insurance $58.33Mgmt Fee $120.00Vacancy $96.00Total Expenses$1,020.73Total Revenue $1,200.00Cashflow/month $179.2Cashflow/year $2,151.23Cash on Cash Return 15.15%

@Gina Smith,You are considered to be disqualified person to your 401k, all transactions involving your 401k must be arms length, meaning that you personally can’t be involved.