ie warehousing, self storage, mfh, etc.  

The market is definitely pricey, but that becomes a self limiting belief.

jose i know you are past this part of wholesaling, unlike my self this will be my first deal. i m using the fix & fix report and i am stuck at the rehab cost, how do i know what to put in this section. thanks for any help.

If you can hit 15% EGI on a *leveraged property that you self manage*, you will make money unless you are a terrible operator.

Currently we self-manage and have a great cleaning team.

You won't need tax returns unless you are self-employed or already have rentals.

Do you plan to self-manage?

There's an active business LLC/s-corp with a self administered solo 401k (from Advanta) with 2 sub accounts (his/hers).There are no children as plan beneficiaries, just non profits, churches etc and the opposite spouse of course.The wish is that the business lives on and provides on going benefits to the beneficiary churches etc. 

With the units being only 600 square feet, this $80,000 seems more than adequate.Total Investment: $450,000Monthly Rent: $4,800/month ($600/unit)Monthly Expenses:Vacancy: $144/month (3%)Property Management: $400/month (Plan to self-manage but factoring an allowance here)Maintenance: $400/monthProperty Tax: $300/monthInsurance: $200/monthWater: $400/monthMisc/Other: $200/monthAnnual Net Operating Income: $33,072Total Investment: $450,000Cap Rate: 7.35%Annual Interest Expense: $13,950Annual Profit: $19,122Let me know your thoughts! 

If you turn over to a PM then they take most of the extra money you can make with a STR.So if you can self manage and you are ok with a little extra work then absolutely give it a try.