Thanks for all the responses - they are helpful.

(It give a better chance that there will be some profit that they get to take some of) Hi Brandon, appreciate the response.

Afterward, return on equity makes more sense.Greg, I appreciate your response thank you.From the ROE equation I get 11% to get a mortgage and 8% ROE to continue without a mortgage.Here are some further thoughts below, I'd appreciate your thoughts or any holes you can poke in the logic:1.

Happy to help further.Thank you ko I can’t find a solid answer either in obtaining the property there is a listing agent but not sure if I need a purchasing agent for the property.  

I have been booked this winter solid but it's pretty barren past April and we aren't seeing a lot of inquiries right now for the summer.

They don't charge application fees or security deposits, don't do background checks - they take ANY S8 tenant no matter how bad they are:(You really want Class C and B-minus areas for solid S8 tenants.Let us know what else we can assist you with.

That's ok so long as you have a solid plan for when you have a cap ex. 

That said, it is demanding physically and timewise on my spouse especially and I'd like to have a solid RE portfolio in 5 years to give him more time freedom as our toddlers enter school.My goal is to have 500k in *annual cash flow* in 5 years.

Places like Birmingham, Atlanta, and Indianapolis were pretty solid areas too.

Futher, if you come prepared with the numbers on your end as well as a solid idea of your exit strategy it will streamline the process.