Total ExpensesMortgage           834.43Taxes                 182Insurance             52Vacancy               60Repairs                60Cap Ex               150Prop Manager     132Total               $1474 per monthUnfortunately it seems to work out to negative cash flow at $-247 per month.

It sounds like it has the potential to work out well and bring in some nice cash flow.

I think something like this would take the guess work out for people looking to get started who don't feel comfortable running their own numbers and navigating the market.

The only way to find those sellers, is to be out making offers.From my cheap seats.small commerical is going to be stressed however those usually work out in some manner and dont end up on the court house steps.unlike 2008 to 2012 it took lenders about 2 years to really understand and then implement forbearance programs.. in this EVENT they did it in 2 weeks.. 

The security deposit always stays with the unit until ALL parties have vacated. let them work out their issue between the two of them on who paid what, not your problem.Here is some generic wording that can get you started and you can move and change to adpat to your situation;AGREEMENT TO VACATEI/WE ________________________________ hereby agree to vacate thepremises which we now are renting no later than _______/______/______.

How does that deal work out for him?

Besides our independent research we're waiting on REI sessions to resume to get more information.

Maybe you can work out some sort of payment plan?

Practicing analyzing properties is a good place to start, then you can see for yourself how the numbers and cash flow work out.

Did it work out well for you?