We are negotiating seller financing deals, masker lease options etc... and everyone wants either a down payment, option money or hard earnest money--- all these equate to SKIN IN THE GAME. 

Rarely, does anyone pass the first time.On the other side of the equation, city landlords are weighing the often high cost of compliance every year (or two) added to property taxes (many of whom are on payment plans with the city) and lack of income that would otherwise help offset the costs.

No drama and constant calls asking what they should do to be successful only for them to say they can only do 2 out of the 5 steps etc. that I tell them.I am so content to keep closing my deals with my clients and do my own investments and it works out fantastic for me.I equate new agents to new investors trying to rehab a house.

Since this is a higher end home, that may equate to a small cash flow, but not much once you take into consideration all the costs.I would flip that deal and use the funds to find another flip and/or another buy and hold with better cash flow.

Originally posted by Curt Davis:This is very difficult to do, at least in the Memphis market.This is the exact point of the equation.

They keep bringing me deals that the bank won't accept any offer less than some amount that does not fit that equation.

That return would equate to around 420,000 within 30 years (hopefully). 

Unless I’m missing part of the equation here. not to mention if you live in something you don’t own, it really as if you are paying 100% interest to the property owner.

If you get it positive, and you still want to sell it, your math equation becomes how many months do I need to own this to cover on the amount of fees/etc. that I paid to get the house.

I've met some who's actions have implied that running their units into the ground and/or treating their tenants like trash equates to cash flow.