This is especially true in this market in which gross rents for a decent SFR might be about $1,000/month.

@Jaysen Medhurst thanks for responding.The building is $800kThe business $50kCafe business grosses $200k and nets $100k.

That’s like interviewing for jobs and trying to compare them by their after tax / take home pay values instead of their gross pay value...

It was definitely gross, but I don't remember having issues with any sort of abrasive spots forming. 

Purchase price is 95 k - DP 20% (19k)  - carrying a balance of 76k - Closing and rehab is 13k Monthly rental gross is $1350  -CapEx = 25% and the Mortgage with PITI would be $530NOI is $435 - CoC ROI is 16.24% and cap rate is 8.1%

They will take 10% of your gross rents, which is more like 33% of your profits if you finance your properties.  

Gross, but funny. 

(All expenses + Debt Service)/Eff Gross Income. 

1. 48224 zip code - this East side area is all real close to Grosse Pointe, and the homes can be bought right now for a good price and as the area continues to develop the value of your investment is just going to keep going up.2. 48221 zip code - this would be the best area on the west side with neighborhoods like Bagley, University District, and Sherwood Forest.

30 year fixed at 3% with about $700 in pointsMy wife and I currently gross about $500k combined via W2 wages, in 3 years probably up around $1million per year.