Using it to refer to a property's unlevered yield is perfectly fine.

I have been thinking about investing in rental units ever since my college professor showed me "the perfect tax return" (it was his own) and explained his investment philosophy.I am an income tax accountant and am not looking to leave my job anytime soon.  

If you only see tenants during your regular inspections you have a perfect tenant.

Since I use the profits from my contracting business to buy real estate anyways, this would be a perfect fit. 

- Loan Amount left: 184000- House Value: 240000- Credit score is near perfect- No debtThe house needs work.

Below the 250K is where the vast majority of our strong working class can purchase.I do a market update every month for one of the local REIA's here and I would be more than happy to share it with you as it perfectly breaks down the city for that 10,000 view you are looking for.

@Colleen F.Yes, I checked more closely and found out that the toilets have in fact 1.6 g tanks.

I am a lender, I also flip and buy properties so it makes perfect sense.

The seller was an investor who needed some cash quickly, he was the perfect motivated seller.  

Daniel Odess good points, if they knock the price down enough, it could still be worth my time...the location is perfect.