How are you performing your MFR search? 

awesome thank you so much I'm looking forward to being there on the third Wednesday 

The bureaucracy and red tape of the Housing Choice Voucher program, you do not want to sign a third party governmental contract, be subject to the inspections, the time of waiting for the process, something other than discrimination against the potential applicant. 

Even if they don't buy the first or second time, theirs always the third time, etc.

New equipment just like a new car performs better and has things older equipment does not.The old freezer the compressor,seals, etc. are all getting toward the end of life expectancy.

In probably less than two years, you will likely be in a position to refi, combine with the savings you have generated over this time, move out and repeat and have a great performing asset on your hands. 

I recently purchased a performing first which has an outstanding HOA lien attached. 

We've been meeting the third Thursday of each month, somewhere off Ingersoll.

The third pays late every month, but he does pay, and he keeps the place in good shape.

So the place has to be in decent shape, which means you pay a little more.I use the 50 percent rule, which includes PM.I do self manage, so my numbers look closer to this without the pmPercentage of gross16.5 percent for taxes and insurance5 percent for vacancy10 percent for capex10 percent for repairsright around 40 percent give or take.Which is around 280 a month in cash flow.How is your indy properties performing?