Does your monthly fee include annual taxes, if not, how much will those impact your monthly cash flow.

Investment Type: almost entirely individual units in condos (get someone else to worry about the daily maintenance hassles etc, plus be compensated hugely when sold/torn down/re-built etc).2.

----------------------------------------------------------------------Property type - 2 duplexesFannie Mae REOPurchase price $369,000 (includes $40k renovation)Financing - FHA 203(k)Down payment - $8559Out of pocket renovation - $20,000Rebate - $1500Final out of pocket - $27059Here's the monthly cash flow -Duplex 1PITI - $1467.50Unit A rent - $1100 (below market - this is a family member)Unit B rent - $125015% vacancy/maintenance reserve - $352.50Net income - $530Duplex 2PITI - $1467.50Unit C - owner occupiedUnit D - 20% personal use, 80% vacation rental - $1500 (average)15% vacancy/maintenance reserve - $225Additional VR expense - $450Monthly loss - $642 <--- Not quite living for free, but not bad...and my in-laws have their own apartment when they visit!

As far as automation, I'm thinking in terms of a seamless process for receiving applications and processing background checks, some kind of built-in follow up system for late rents, the same for handling maintenance or update requests, etc.

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When a new tenant moves in, I go over the lease and payment procedures with them and emphasize that my husband and I have to pay the mortgage every month with that rent, plus the maintenance fees, taxes, repairs, and insurance.

Paying all cash will get you cash flow equal to half the rent.Cash on cash = annual cash flow / total cash investedThis can often be higher with some leverage than paying all cash.If you manage yourself, I think you can cut the 50% number down to about 36%.

Consider mortgage payments, insurance payments, maintenance costs (lawn mowing, cleaning, etc.) and multiply them by the number of months the buyer can expect to hold the property for.

I'm in the Dallas area, and you can forget getting great deals, there some some ok deals, but as the saying goes, there are more people wanting to buy then wanting to sell.You can get a 1% deal, but i don't know how in the world you have any cash flow with $1,500,in rent with $143k in the house,,,taxes along would run about $300 a month and a decent reserve for maintenance and figuring in vacancy, etc,,,

What he wants is 180k 25% down with a land contract 30 year amortization at 6% the rents are low, real low, 5 units at 520, one unit at 450, $3050 a month total, taxes are $4869, its a decent brick building with little deferred maintenance.