Thanks ahead!

If your emotions are taking priority over your business the road ahead for you is going to be a bumpy one.

Got ahead of myself there.

That's actual cash.If my focus is on cash flow, my bills are based on monthly payments, I'm further ahead with the cash flow...the moving targets.  

Thank you ahead of time for your response

/month in cash flow (after all expenses, including a PM) once I do the Refi.3 - Must recover any cash I put into this deal, including cash back and cash out from the refi, and cash flow, within the first year.Example #1:  Total cost = $55k; ARV = $60k; 75%ARV (refi) = $45k; Cash OOP=$10k; MP = $300/m Cash Flow before refi (6 months) @$700/month = $4,200Cash Flow after refi (6 months) @ $400/month = $2,400TOTAL Cash back 1st year = ($3,400 loss)I wouldn't do the above example #1 since I would be $3,400 short at the end of the year.Example #2: Total cost = $50k; ARV = $60k; 75%ARV (refi) = $45k; Cash OOP=$5k; MP = $230/m Cash Flow before refi (6 months) @$770/month = $4,620Cash Flow after refi (6 months) @ $540/month = $3,240TOTAL Cash return 1st year = $7,860 - $5k OOP = $2,860 total GainI would do the above example #2 since I would be $2,860 ahead at the end of the year....as long as the Cash Flow of $540/month would meet my Rule #2 above of minimum cash flow after the refi loan is in place,and......as long as the refi amount of $45k was enough to move forward with the next deal.

In either case, some due diligence will give you a heads up... to each their own.Now whether or not one, a real estate professional or other, should carry depends if the person is comfortable carrying a concealed weapon while working in addition to being willing and able to secure the proper gun training.

Also not going to rush into getting 2nd floor onto a 12 month lease until I can observe more about their interactions with other tenants.

As in what it be better if I go ahead and build on it and have that money coming in from the storage business or just sell it.The problem with this piece of property is part of it is in a floodplain and may need a lot of dirt work....

I went ahead and installed a few battery powered smoke/co detectors inside the apartments as well.