.** Purchase & Rehab **Purchase Price: $85,000After Repair Value: $110,000 (the tax assessment was even higher then this but hoping to refi and pull as much equity out as possible, unsure of how the city and bank assess the property and if it's different though, I need to look into it more)Purchase Costs: $2,550Rehab Costs: $2,200Down Payment: $17,000Total Cash Needed: $21,750** Financing **Loan Amount: $68,000Loan to Value (LTV): 80%Loan Term: 30 YearsInterest Rate: 3.75%Monthly Payment: $315** Cash Flow (Monthly) **Rent: $1,250   (possibly more this is on the low end for 3 bedrooms, and even lower for a stand alone house, but trying to be conservative in that the house is on a really small plot of land and has a cliff on 1 side)Vacancy: -$63 (5%)Expenses: -$339 (28.6%)NOI: $848Mortgage Payment: -$315Cash Flow: $533** Returns & Ratios **Cap Rate (Purchase Price): 12%Cap Rate (Market Value): 9.3%Cash on Cash Return: 29.4%Return on Equity: 14.2%Return on Investment: 105%Internal Rate of Return: 105%Rent to Value: 1.5%Gross Rent Multiplier: 5.7Debt Coverage Ratio: 2.7I had budgeted for 6k for renovations but realistically it probably only needs 2k, it's basically perfect the way it is right now just a tiny bit dated in that it has oak cabinets and wood grain molding.

I'm a sophomore and my mother is paying for me to attend, my vehicle, my gas, my food, and I live in her basement.

I also work and have two jobs. my husband saved up 20,000  to buy a food turck to start in March 2020.

If the seat is too small, report them for abuse of  food stamps and things will work out over time. 

Just food for thought.

Rats nest near their food and water source and they are very leery of new objects in their environment.

So, if we do nothing else, we get a 6% return.If/when we lease up the balance (to liquor/food/grocer) etc- we expect it will be 2x on investment.They key is to get time. 

Just food for thought. 

When food or gas or anything we need goes up, people have been conditioned to believe its a "good economy" when in fact all that means is the government gets richer, by collecting more tax. 

To me, the reason that this second scenario makes a difference is;1) I can leverage at a 4 to 1 ratio (25% down) and 4% interest and 30 year term instead of a 2.5 to 1 ratio (40% down) and 6.5% interest and a 20 year term.2) Mine is a seasoned ROTH account that I can take contributions out of with NO penalty or taxes.3) I have the option to 'put money back in a ROTH' with my SOLO401K at a rate of 25K per year or more so I can return the money I earn to 'tax free status' if I want to.Just food for though for those in similar situations.