They passed on deals in both FL and GA because the rents would not support their all in purchase price and expected returns.....

there was a great BP episode last week with a girl from Saskatchewan who was having great results with BRRR.

My problem with hard money is not the percent in which they take as I find properties with a great return.

Total Insurance Estimate $ 262.50 Current rent $ 800.00 $ 9,600.00 $ 10.40       $ 21.88 Less: vacancy allowance - 10% $ 40.00 $ 480.00         Net Rental Income $ 760.00 $ 9,120.00   Property Taxes 2.5264% $ 505.28 Plus: Other Income $ - $ -         Total Income $ 760.00 $ 9,120.00 $ 9.88                 EXPENSES         Property Management $ - $ -         Repairs & Maintenance $ 100.00 $ 1,200.00         HOA $ 250.00 $ 3,000.00         Advertising & Legal         Insurance $ 167.00 $ 2,004.00 $ 2.17         Total Expenses $ 517.00 $ 6,204.00 $ 6.72                 Net Operating Income (NOI) $ 243.00 $ 2,916.00                 Less Debt Service (PI) $155.06 $ 1,860.72 $ 2.02         Less Property Taxes $ 42.11 $ -                 Net Cashflow $ 45.83 $ 1,055.28                 Operating Expense Ratio 68.0% (Total Expenses/Total Income)               MORTGAGE INFO         Total Loan Amount $ 20,000         Type of Loan Seller Financed         Term (Months) 240         Interest Rate .07         Down Payment $ 2,000 10.00%         Monthly Payment (PITI) $155.06                 Purchase Price $ 75,000         Closing costs $ 3,000         Rehab $ 7,000         Total initial investment $ 85,000                 LTV 27% Loan Amount/Purchase Price         Cap Rate 4% Annual NOI/Price         Cash-on-Cash Return 146% Annual before-tax cash flow (i.e., NOI)/Down payment    

Now in terms of the returns, when someone is actively engaged in real estate (eg., as a landlord or a flipper or anything else) their returns over time are higher versus being passive (e.g., through a syndication).

You are right about the property management bit in that three-families generally require more maintenance and upkeep vs. condos, but the returns are fare more superior. 

No you would not have 108% ROI you would have a 100% return of capital and the.

Are there other things that would be easy to get a good return on?

I built in an independent WIFI network so that the laptop can register my IP address while they work from the Philippines.I'm currently working on more training videos for them to have them doing more things, one of which include about 45k emails a month.I can literally be on vacation now and not stress a bit, I don't check my laptop every 2 seconds, I don't typically return emails or many calls at all.

One thing to bear in mind is that if you obtain a mortgage on your rental properties, then you will need to file a tax return for your IRA to report UDFI (Unrelated Debt Financed Income) tax.