Unless it is a really killer steal, your Practical options are probably at best to recoup any Actual expenses on this deal, and move on.

For calculating expenses I'm taking a percentage from the monthly Rental Income.  

The other option is a Heier all in one combo unit, which washes and drys in the same machine, but I was warned by the appliance guy that they are expensive to fix, and the new ones come out to about $1100 now on sale with taxes and delivery included.  

In CA, I believe you're looking at pretty expensive ongoing costs to have the LLC ($800/yr minimum).

At 50% expense ratio a 5 cap would be 6,480,000. which still would make this a good deal.

Not necessarily looking for cheap, but looking for reliable, fast and not too expensive ;)Any resources that the members here use to find them?

When investing in Condos, would you scale back Maintenance and or Capex percentages on a Buy & Hold rental due to roofs, foundation, outside expenses included in HOA fees?

Hello BP friends,My name is John and I just recently moved to Georgia from the expensive state of California and looking to eventually transition out of my normal career and invest in real estate full time.

When you go farther SW or NW it tends to get too expensive for good cash flow on multi-unit properties.SFRs are managed easier but should be purchased in towns with a high rental density to avoid long vacancies (with only 1 home, when the tenant's leave it could be hell on the landlord if it becomes hard to fill that 1 vacancy).

Hi @Ken VirziI just replaced a roof on one of my single family and that was expensive.