. $60,000 Purchase price$155,000 rehab$ 3,575 / month gross rental after rehab on apartment building (not including the 4,400 sq ft building) expenses; vacancy = 5%; Repairs = 5%; electric for common areas =$50 ; Water/ Sewage = $100 ; Garbage = $89 ; insurance = $200 ; management 8% =$ 286; Property tax = $250 ; misc = $125P& I =$1,667 Monthly cash flow on apartments = $345 plus I have use "free" use of the 4,400 sq ft building (which is my main goal in the deal

A look at cap rate and gross rent multiplier to see which is the better way to estimate rental property value and measure financial performance...Financial Leverage Financial leverage explained and how it can impact a real estate investor's returns and profitability...How Financial Leverage Impacts Real Estate Investors The impact positive leverage, neutral leverage and negative leverage have on the yield a real estate investor collects as a result of financial leverage...IRR, MIRR and FMRR The formulations for internal rate of return, modified internal rate of return, and financial management rate of return...Scenario Analysis The scenario analysis is explained so you know how to use it to benefit your next investment real estate evaluation...Sensitivity Analysis Changing one variable at a time over a possible range of outcomes in order to evaluate the effect of that change...ReportsThe Comparative Market Analysis How to correctly create a comparative market analysis that you can use to effectively estimate rental property value...The Proforma Income Statement Learn the what, why, and how about the proforma income statement and it's popularity with real estate investors...Why Real Estate Investors Like The APOD Discover why the APOD is used by real estate investors to examine the annual property operating data of potential real estate investment properties... or watch the video.General4 Contingencies Your Offer to Purchase Rental Property Should Include Contingency clauses common to commercial and residential income property that protect investors who submit an offer to purchase investment real estate...Are You Profiting from Your Property's Highest and Best Use?

As a read the posts in this thread I see a common challenge of new, wanna be investors:They fall in love with the dream and not the process.

Is this something that's fairly common with HUD?  

In some markets it is common to get a 15% gain over expenses and in other areas only 2%.

There are two approaches most commonly referenced on the forums:a) Cash for keysb) Eviction

Being new to it, I would suggest buy and hold first...there is more of a margin of error in the buy and hold if you pay to much, its ok as long at it cash flows.  

You also have to actually enjoy that person's company, and have casual common interests; otherwise you're just business associates LOL So my intent was not to convey that I only talk to people I can use, but rather I DON'T talk to people if we can't share a mutual level of growth.

Either someone leaves the gate open, or feels that the dog is encroaching on their free use of the common space, or someone doesn't pick up the poop, the dog is too loud, etc.

@David W.This is very common...pseudo investors are often part of daisy chains.