I assume another 300 a month in taxes and insurance.865x12 without calculating property depreciating over time / 70 000 = 15%So about low 10s if you throw in repairs and depreciation over time.If you buy this thing for 50 000, your return will be even better.

At the very least if this is pursued you should bring in a local investor partner that has experience in ground up development to give yourself a fighting chance.There are calculated risks and then insane risks.Let's keep the content and discussion respectful on here without throwing labels around.

I am looking at properties in Kingston NY, possible deals, multiple properties from an out of state owner.As for the numbers, how did you calculate?

More to it than math I bet.

@Steven I work at sherwin williams and your best bet is to use a shellac based primer to get rid off the odor.

I calculated vacancy into the bottom.

you can bet that I will be utilizing that OO financing as soon as I can transition to a job that allows me to justify having a residence.

I don't know what the success/graduation rates are for trade schools like Remington or ITT but they I'll bet they are at least 50%.

Most people won't reply after the 1st "touch", but if you hit them a 2nd, 3rd, 4th, etc. time, your response rate will go up.So, to answer your question, I think your best bet is to continue to hit up those same 350 people.

I should factor that in to my calculations as a just in case.