Then, with lease extensions, it goes up from there.At this point, if you sold it at the same 9% CAP you bought it at, the sale price would be  over $2.4M.If you add it all up over that 20 year period, the numbers would look like this:$2,035,000        Accumulated Cash Flow (NOI)$   422,222        Profit upon sale$2,455,222        TOTAL over 20 year period....and no management responsibilities.

@Jd MartinInteresting to hear you don't buy your own materials - I can certainly see the upside to that.I prefer to buy my own materials when possible (mostly from Lowes as they are the most conveniently located) as I like the perks of that amount of money being put on my account.

I researched everything extensively before I made the move. 

I would look for location obviously and enough square footage so that you don't have to get into permits to expand.

Also have a more extensive conversation about the property and try to "sell" the rental during the initial conversation.

Thursday, September 14, 2017 6:15PM Terraces at Sir Tyler 1826 Sir Tyler Dr Wilmington, NC 28405 Meeting Time & Location

Working with two different professionals in two different locations will prevent either form being able to see your big picture and plan/adjust accordingly. 

Power of Sale Notice Requirements: Prior to initiating a foreclosure the notice of foreclosure sale must be advertised at least one per day for three (3) days or once per week for two (2) two weeks in a newspaper of general circulation in the county in which the property is located.

I manage my own and expect you cannot do to location, but I have family that uses property managers. 

I currently live on Long Island and work in Manhattan so I spend a lot of time in both locations.