I’m working on a wholesale contract for a large multi family, and really want to make sure I come across all the correct info.

You have a 2 year lease for 360k home, 40% down, correct?

If you got a full month’s rent payment, it might be better to just keep it and issue a new 3-day notice for the corrected amount now owed.

Depreciation - assuming the entire 1.5M is depreciated over 27.5 years means ~4500$/month that I can deduct from my income for federal tax purposes - so would need to multiply by my federal tax % to get an actual $ saved value (im a little hazy on these things, so please correct me if im wrong). doing so doesnt make this a cash-flowing deal with a mortgage, and still wont crack 5% ROI if i buy in cash.finally, here's a link to the biggerpockets calculator for this - https://www.biggerpockets.com/buy_and_hold_results...So, is this a very unattractive deal or am I missing something here?

Just make sure to do any rehab on the front end CORRECTLY and not on the cheap.

@Cristian Loyaga Thank you Aaron for the reply.

@Christopher Crean Thanks for the reply Chris. 

I believe you are correct that you 'cannot refuse to renew the lease.' 

I get fast, thorough replies and effective actions to address tenant issues, etc. 

But something is bothering me and i wanted to see if any would like to comment on it and see if my decision is correct.