Most newbies that have herd mentality are buying those now.If you are trying to get safer investments you might want to buy brand new builds in a subdivision in a nice area stage 0 to 1 of development.Example you look at 2 options:Option 1 - Buy a house for 75k (Class C) that after mortgage payment is supposed to generate 150 a month income or 1,800 a year.Down payment 15,000    Result: In a few years rent growth in lower income areas is more limited due to income earnings.

I've forgotten the reason my lawyers had advised against it but usually the people can't qualify for a loan and while I own my properties free and clear, carrying the mortgage doesn't achieve my goal of generating cash so I can reinvest or work on my other projects. 

Tim, I'm hoping to connect with other likeminded individuals perusing some of the same goals and passions.

Guys, I am a GC and I can tell you to stay away from any lead generation services.

We dont know what your cashflow is on the property, but based on the fact you have no reserves and no money to pay the mortgage, I assume it doesnt generate much.

But there is already a metric for that, it's Cash on Cash (CoC).Another way to answer your question is:It does not make sense to calculate ROI by taking NOI and divide it by your down payment because NOI is generated by the whole property which is acquired with your down payment AND the loan from the bank.

I would love to rehab the individual units as they become available and there is a basement that could potentially be a 5th unit.

If you look back at my original post, it mentions "garage apartments" before individual rooms are listed. 

Networking is an amazing way to generate leads and the more people you are top of mind too, the more success you will have. 5.

I have a legal service that generates leases but I found that the document it produces is pretty poor.