Sifting through the alphabet soup of acronyms to come up with a meaning definitely is a step in the right direction towards super stardom

@Soup NikkAs someone who runs a fund it’s good to hear they are communicating with you and appears they are being transparent.

@Jordan Smith I am looking for soup to nuts.

Would love to hear if anyone thinks these numbers / assumptions are wildly off or too conservative.Acquisition CostPurchase Price = $200,000Closing Costs (at 2%) = $4,000Due Diligence (at 1%) = $1,500Up-front Renovation Reserve = $5,000Total Acquisition Cost = $210,500Financing:20% down payment = $40,00080% loan (likely a major lender, traditional 30 year loan) = $160,00030 year term @ 3.2% (educated guess with very solid credit)Monthly Expenses:Mortgage Payment = $691.95Property Taxes = $120Insurance = $55Property Manager (soup-to-nuts) = $159Other Variable Monthly Expenses = $40Capital reserve monthly deduction = $37/month (5% of net income withheld for capex)Assumptions:3 months to renovate / update post acquisitionProperty rents for $1,400 / month (and assuming a 3% annual increase)20 day vacancy assumption = 5.48% vacancy rateTenant takes occupancy month 3Annual expense growth rate of 3%Expected / Target Returns:Monthly IRR (w/ financing) = 15.48%Monthly cash-on-cash return (average over 5 years) = 2.79%Monthly Net Operating Income (year 1) = $798Capitalization Rate = 4.79%Kyle

You obviously have some strong feelings about a possible correction, so up to you whether you want to invest now or wait for this potential correction (though Im on the camp that even if a national correction where to happen, I think the impact in boston would be negligible).

Disclosure: "Property may cause tenants to do back bends and crawl up and down stairs, 360 degree head spins, and throw up pea soup.

More wear & tear too, so up the CapEx as well.I would think short-term term tenants would have more issues vs a solid, well-screened long-term tenant.M

There were Soup Lines and Hoovervilles.

By the way, Chicken soup is the remedy I use.

Also, Chicken Soup for the Soul, Stephen Covey's 7 Habits of Highly Effective People...