My Orange Co rental rented for $2750/mo.The three Charleston SFR's total $4900 /mo.The last purchase was for an 1800 SF end unit town home for $135k and rent of $1450/mo & No HOA.This gives you an 12% CoC with after a 20% down mortgage.The OC unit was a 1500SF end unit condo with HOA of $275/mo and a community Assoc of $35/moAll that said...I think what you missing is that is you were to get a 20% down mortgage on your property,Your investment drops to 125k +say 10k closing = 135k  Then the 1900/mo yields a 16.9% CoC  Which sounds much better right?  

Brian G. your best option at this point might be to find someone to co-sign or a partnership to go in with.

@Jim JackSometimes I get it on the phone from seller and sometimes in person, I get the seller on the phone with mortgage co for payoff, and look at PITI on loan book when they mail in mortgage payment

.: 783# of Bedrooms: 2# of Full Baths: 1Financing, Location DetailsFinances & TaxesHas CC&RsParking & Garage# of Covered Spaces: 2Less than 1 Space/Unit, CarportBuilding InformationWood ConstructionStucco ExteriorShake Roofhttps://www.redfin.com/CA/Modesto/816-Colorado-Ave-95351/home/19971263

We live in Colorado Springs, CO. 

Account Closed  I've actually gone thru this process with a tenant induced fire in an upper unit and water damage to the lower.The insurance co made a settlement with ME. 

Hey guys,So I've been in the mortgage industry for five years and about a year ago a co-worker told me about how he has four multi family properties that cash flow over $500 a month after all mortgages and management expenses.

I recommend giving a few days grace period ( your mortgage co gives you grace so show them grace) then whatever that is then send out late notices, if that does not get them to pay send a 3 day quit notice (this starts your process of eviction).  

Other share (50%) was owned by owners sister until she passed a few years ago, at which point the attorney at that time was given a part of the stake by previous co-owner (this is still in question as there was no will documenting this )C.

I actually had some grad students beg to rent one of my houses but since they didn't meet the criteria, I told them their parents would have to co-sign and demonstrate all the same criteria and their parents were not willing to do that.