There are a lot of expenses that you aren’t considering it seems like to get to your NOI estimate.

Your good reputation in the family must have played a big role for her to take the chance. 

My VA financed offers didn't stand a chance.

Here are the numbers,Purchase Price: $165,000 as-isFinanced: $123,750 (25% down, couldn't put any less down with a conventional lender)Mortgage Rate: 5.25% (no points); 5.35% APR -rates are on the rise it seems.Estimated closing costs: $4,500Initial cash invested: $46,310Gross Rent: $1,725 ($875/$850)Operating Expenses: $815 (includes mgmt fees @ 10% & capex of $275/mo)Cash flow: $140.77Principal reduction: $142Cash-on-cash: 3.65%Total ROI: 7.4%Possible near future repairs: Roof (Estimated at $4,000); windows (Estimated at $5,000). 

I called Parasole but didn’t get the chance to speak with Ron over the phone.

Maybe we can call this post "sharpening my B.S. detection meter" in regards to people who claim deals with the numbers I gave out work well, but to be fair I figured to give someone a fair chance to explain how it works before I called Baloney Slices.   

I haven’t gotten the exact cost of doing the electric but my contractor estimated we would need a pole to reach the house and that alone would cost $1800 plus hook up but I need to call the company to get exact amounts to see if it is worth it.

Any chance I can get some basic feedback on this rental property purchase I am looking at.

Now that scenario may not be real likely but do you want to chance it?

My numbers are rough estimates so I'm not sure if this is actually the case.