This 4-bedroom, 1.5-bath brick bungalow is currently tenanted with a long-term tenant of 5+ years, generating $900 per month on a month-to-month lease.

Purchase price: $1,300,000 Cash invested: $260,000 25 unit apartment complex What made you interested in investing in this type of deal?

We identified 2 properties and one of them was already sold to someone else so we are left with this one but want to make sure that the numbers make sense and we are not missing anything.

Thanks for everything you added here, this is super super helpful!

Jack Miller: Seems a lot can go wrong with this and I wanted to speak with existing investors and see what has gone wrong with this in the past and how have then fixed it.I don’t even know if this post is serious.

This 4-bedroom, 1.5-bath brick bungalow is currently tenanted with a long-term tenant of 5+ years, generating $900 per month on a month-to-month lease.

This is my first time doing this, so I want to understand the most efficient way to do so.

This sounds like a mid term rental opportunity.

This is meant fo the newbie out there who is in my situation and is just thirsty for any info to help them make a good decision.

We are currently renting, as I just began a new job this fall.