This is near a historic district and some of the surrounding houses were built in 1910, 1905, etc.

The current tenant historically fell behind on their rent, and would catch up every year with their tax returns.

Also, security deposits should be handled very carefully (not co-mingled with personal accounts)-so this could be a reason why they want to hold on to it?  

. :)As far as evaluating your cash flow, you would probably still want to account for a little bit of maintenance.

Account Closed yes I have my license and I have a certain number in mind I’d like to have in passive income every month.

Account Closed I'd like to chat a little bit more about your perspective on the Sacramento market.

Originally posted by Account Closed:Originally posted by @Chris Clothier:I speak a few times a year at different real estate industry events and even a few entrepreneurial conferences. 

Initial CapEx Funding at property closing: At closing, as part of my 'cash needed to close' calculation, I take 3% of the sales price and set it aside in a separate CapEx savings account.  

Are you taking into account the 9 acres of land and the outbuildings.

I was forced to take a deep look at all possibilities and account for them.