Quote from @Charles Wright: My partner on a few deals is in the program, and I am super impressed.

I'm under contract on a property right off MLS right now that will cash flow $500 per month on day one with 20% down at 7.785%.The Boise metro market has definitely not plateaued- heck. the median price in Meridian was up 17% YoY in February. https://www.redfin.com/city/13444/ID/Meridian/housing-market  I'm impressed.

Here are the projections for 2024 to give an idea of expected returns:2024 IncomeLong-term Income$8,400Gross STR Income$45,500 (based on AirDNA projections)Additional STR Income$5,915 (mostly cleaning fees)Total Projected Income$59,8152024 ExpensesSTR Expenses$16,453 (32% ratio)Mortgage$34,476Insurance$707CapEx$3,600Taxes$2,729Total Expenses$57,965Projected Cash Flow$1,850CoC Return2.79%2024 Additional ReturnsPrincipal Paydown$2,930Equity Appreciation$16,200Mortgage Interest Deduction$7,571Total$26,701Total Projected Returns$28,551Projected Return on Investment43.1%Projected Return on Equity21.4%The CoC numbers are not impressive, and the property only cash flows as an STR, which carries some risk.

This also gives me the opportunity to impress upon them how I handle tenants and the way I view the landlord/tenant relationship.

I'm just about to graduate college and there is a lot of activities and community around people my age in the city as well.Houston didn't impress me too much. 

I'm a new investor who's recently purchased a property in the Malibu Groves area, close to some impressive mansions.

He is quite impressed with himself, but that's okay as he and his wife are quite successful in their own right. 

Zero down- no cash kicker- great job- impressive.

Quite Impressive!

He mentioned it has been about two weeks since he signed, so I got the impression that I will have time to find a better renter and offered the security deposit as a peace offering...