Based on this metric alone this portfolio won't cashflow with 75% debt.You're assuming 100% occupancy and it may happen from time to time but the property needs to perform at 90% occupancy or below.Even at 100% occupancy ($18K/mo) it won't cashflow because of expenses. $5000/unit/year is $8333/mo.

YOu can look for non-performing notes, 2nds, be a lender, participate passively, etc.The landlord and rehabber are just the routes that most people take.

So really right in line with historical stock market returns.The beauty of real estate is the it is 1) much easier to buy advantageously (get a good deal) than with stocks--at least for the average person, 2) you can also buy, even without leverage, properties that out perform the stock market, and 3) you can safely leverage 70% to 95% without much difficulty, making your money work much harder for you. 

Have a quality agent/broker give you a CMA on it to get a more accurate idea of its value.  

Potentially lower your wholesale spread on the deal to make it more desirable, back out, buy it your self, or you could perform an option as opposed to an assignment.  

.$250 taxes seems low - is that accurate?

Be careful, that site is not accurate.

My first choice was quit claiming the property then I perform needed repairs.

I assume that the rents are placed by the seller's agent and are accurate.

Taxes is far easier and all that tracking we do is much more accurate and you really only need to check the uncategorized items every so often, of which there are not many after you get to use it more.The point is, it’s easier than it’s ever been but you only get to see that after paying a little and making it part of your habits.