I had a deposit on this one.. in the day it was going to come out at 950k and I could have swung it... ... but now its 1.9 ... so I won't be upgrading anytime soon.But for MI to buy a corporate ride this is a very nice safe plane ....

. $1,500 first year) = $2,775$2,775/3 = $925/$3,791.66 = 24.4% Cash on Cash Return for my buddies and a little bit better for myself (not taking into account our time invested, which as I said before will be just as accurately identified as experience)It is not much, but we all wanted to do something and we thought this would be a good learning experience and a safe test to try Single Family rentals.

Its known that my places are nice and clean and safe, that I will respond promptly if there is a maintenance need, and that I will enforce my lease.It wasnt always this way.

Although I may not have optimized my return (176K LP/1.4K Rent) I was able to learn a lot and have what I consider to be a safe first investment.  

Although I'm safe on the sewer.

Jennefer king ,  troy fisherTotally  thats why i LOVE self storage its like investing in one investmentat the same time you have 500 to 1200 customers  greatest diversification  and yes SAFE and SECURE  look at the returns better than any class in Real estate 

If talking about contracts and W9 scares a contractor, it's safe to say he's not a "good" contractor...Think of it this way, if you pay a contractor and don't get a W9, you could be on the hook to pay his taxes/withholding on whatever you pay him -- is that the type of overhead you want to take on as an investor?

All of the infrastructure was done up front including electrical and plumbing to the area where the other 16 units would be going in.Here are the numbersAsking price 900K, (it was previously under contract for 800K)Monthly Rent Roll is $805010% estimating property management10% Vacancy(it has historically been closer to 6% in this area, but better safe than sorry)Insurance estimating $350.00 annually per unit7125.40 Annual property Taxes.All utilities are separately metered and paid for by the tenants10% maintenance5% CAPEX /Reserves- The first 8 units were constructed in early 2010 so I am not too worried about major CAPEX at this pointWhat else am I missing?

Better safe than sorry.

If you really want to play it safe you can use 8% as that would represent each unit being vacant for one month.