Monthly income (only rents) - 8500 (the listing seems to indicate only a single unit is currently occupied, and at below-market rate).Monthly expenses:property taxes: 1500 assuming this will be 1.2% of the deal value of 1.5M. current assessment is ~330k - https://www.sccassessor.org/index.php/all-situs-se...management: 850. thats 10% of rent, not taking into account placement feesvacancies: 425. this is assuming a 5% vacancy rate (may even be lower, market is hot) but doesnt take mgmt company placement fees.water & sewer: ~415. thats according to city sewer rates and avg water bill. no details in the listing. listing says this is not metered per-tenant.insurance: 375. zillow estimate.

Buckeye sounds really interesting especially since it looks like it’s backed by one of Bill Gate’s investment companies .http://www.businessinsider.com/bill-gates-smart-city-pros-cons-arizona-urban-planners-2017-11Looks like they bought the land around $7500 acre .It makes sense more people are moving out of CA to Arizona and other lower cost lower taxed states .

I'm not too familiar with that, but what you're saying is (using Brokerage #2 for example with 50/50 split and lower monthly fees) that once they take X amount of your commission during the year, you would then get to keep 100% of all commission from that point on and they would take nothing besides their small monthly fee?

I believe Fannie or Freddie have a green development incentive that could lower financing fees.Good luck

We're considering buying an investment property (single family, duplex, or small apartment building) in greater Minnesota since the cost of properties is lower than in the twin cities.

The reason why I began there was the Mid-West  had all of the metrics that I was looking for i.e.. price to rent ratio, landlord friendly laws on the books and low cost of entry. 

Will likely get the best cash flow there right now and lowest entry point.

When I refinanced it for a much lower interest rate earlier this year, it changed that loan to look like I had a loan for $40,000 and still owed $38,000. 

Address: 118 Jaffrey Rd, Malvern, PA 19355Your agent is mainly a Radnor/Lower Merion agent ... obviously she does high-end listings, but I'd probably go with someone more local like Robert Van Alen who only has 7 active listings all of which are close by to yours ... your current agent has 19 active listings, meaning that at best, you get 5% of her workable time, not factoring in new business generation, being further from most of her listings, and higher end listings taking priority.Also, do understand, the Philly market overall has slowed quite a bit compared with just 6 months ago ... so even a new agent can't work magic. 

There are some lower income properties, Section 8 stuff for sure, but ghetto?