Hi All, here's a potential deal I would love some opinions on considering a fundamental decision must be made for it to be viable.Triplex currently listed at $127kDown Payment: $31,750Gross Monthly Rent: $1,500 (500 each)Estimated Expenses:Mortgage: $500Property Tax: $80Property Management: (10%) $150Water + Trash: $150Repairs (5%) $75Capital Expense (10%) $150Vacancy (5%) $75Total: $1,180 MonthlyCash on Cash return: $3,840 (About 12% return on investment)Property was built in the 1930's and states "could be rented for higher with work/repairs" Average comp rents seem to be around $600-700If I could rent each unit for $600, updated ROI could be up to around 20%... 

AirBNB is taxed at regular income not passive.   

Click Here to view the full storyBy Jason Bolton – Data Editor, Memphis Business JournalAug 9, 2018, 12:04pm CDT Updated Aug 9, 2018, 1:51pmThe number of people who rented versus owned their housing increased by about 5 percent nationwide from 2006 to 2016.In Memphis, the number of renters increased by more than double that amount — 11 percent — over that same time period, according to an analysis of U.S.

Another thing I failed to mention above is that many people out there are in a safe and secure position e.g. they have a job with a regular paycheck.

Update: Plumber offered to add mixing section and charge me for “materials only”.

Will provide update once we meet.

That is how I got into it almost 20 years ago in Rochester & it has afforded multiple additional purchases & "practice" in this line of work, all while maintaining a regular full time job. 

Update, found a couple, happy to share if anyone is interested in the future.

@Bob Malecki - I used OSC as well, they must have different options available because the program I use let's me pick the coverage amount I want, but I also have to send notices to the borrower and inform FCI of any updates.

Having done trash removal every way I know of from myself to a Craigslist guy to putting it with the regular trash, I have found the best, fastest, least aggravating way is just getting a dumpster.