@Joshua Sayre, yes - if you decide to invest in A or B product there is a chance there will be fewer headaches, but be prepared to pay on aggressive cap rates as many other investors are looking for the same thing.In another thread I talk about the getting started, so let me refer you to the link as you might find a nugget of info that could be helpful to you.http://www.biggerpockets.com/forums/432/topics/188266-i-quit-my-cpa-job-to-buy-large-apartment-buildings 

Ok so I sat down with Excel, Here's what I came up with.Cost broken down yearlyTaxes 600Insurance 588Mortgage 2628Vacancy (10%) 708Repairs (5%) 348Total Cost 4872Yearly Rent 7020Cash flow (Annual Net) 2148Annual Net (Minus Mortgage)  4776 Cap rate 19.9%Cash Flow per month is $179Cash-on-cash can not be calculated because I had no cash investment.Does that all look right.

Welcome to BP @Bianca Garrett Find and network with local investors using find feature!

So, make certain that you set aside money each month for CAP EX and maintenance.

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In the town where they live, the best ATM charges $3.50 and caps withdrawals at $100, so even a $2.75 fee from Square (per $100, 2.75%) saves them money, and then they don't have to stand there at the ATM for 20 minutes while it tries to dispense all of their money (fun side note, it only dispenses $10 bills ... and $1500+ in $10 bills is a real pain for me to lug around in my pocket.

Welcome to BP @Brenda Barnes Find and network with local investors using find feature!

A cap rate?  

Any tips would be greatly appreciated, as I am a complete newbie.11623 Candle Ct Henrico VA #1516458Total Cash NeededBy Borrower:$32,400.00 Monthly Income:$1,250.00Monthly Expenses:$780.12Monthly Cashflow:$469.88Pro Forma Cap Rate:9.30%NOI:$10,600.00Total Cash Needed:$32,400.00Cash on Cash ROI:17.40%Purchase Cap Rate:10.39%2720 Old Point Dr, Henrico VA #1513690Total Cash NeededBy Borrower:$24,500.00 Monthly Income:$1,300.00Monthly Expenses:$946.68Monthly Cashflow:$353.32Pro Forma Cap Rate:8.48%NOI:$9,712.00Total Cash Needed:$24,500.00Cash on Cash ROI:17.31%Purchase Cap Rate:8.63%

That suggests raising the cap rate  above 10?