Not quite ready to pull the trigger.

Main thing is not getting too emotional about these rental properties, and knowing when to pull the trigger on a deal.

However, you have to be very diligent and not just buy a piece of property for the sake of buying i.e. don't be trigger happy.

I am looking at an opportunity:Single Family, Ask price $44,900 (projected purchase price of $40,000)Taxes, $1,400Rent $867/month (rented with long term tenant)Assumptions:5% vacancy10% maintenance5% reserveOh this would also be 100% financed long term with a private mortgage at 4.5%My analyzing spread sheet conservatively shows a cash flow of $4,100/year or $344/month.I really am not sure I want to putt the trigger on this one....My first deal (duplex) is projected to cash flow at almost 6K/year and I really didn't want to look at anything under 5k.I am new to this, but am I crazy? 

Now, I am hoping to pull the trigger once i get the financing I need to buy the first few units.

I hope this gives you a better idea of how to determine if the ROI is satisfactory enough to pull the trigger.

If you want to make a change at some later date to/from an LLC you will have to re-title the property and that may trigger a due-on-sale clause from your lender. 

Furnaces (2006,2007), hot water tanks owned (2010,2011).Anyway I am getting keys on march 27 and are super excited to finally pull the trigger.

This would certainly be a trigger for the due on sale. 2.

This transfer in beneficial interest does trigger the due-on-sale clause and is not covered under the Gam-St.