Typical returns are 9-12% plus points if you charge them.

The landlord is crazy awesome and really isn't interested in charging top dollar for this apartment, even though 3 bedroom rentals are going for $2,200 a month easy. 

I use  only charge  two-thirds of the first month rent  to place the tenant . 

. $5000Total investment: $30,480Mortgage payment: $530/month (Conventional 30yr at 4.6%)Annual rental income: $21,000Annual Expenses:  Property tax  $1200 (verified through property appraiser website)Insurance $1,200 (best guess)Prop man.$1,680 (8% of rent)Mortgage $6,360Calculations:NOI = Income (minus vacancy)- Expenses (Prop tax, insur, and Prop mgt)         = 21,000- 4,080          = $16,920Cash Flow = NOI - Debt service (mortgage)                  = 16,920 - 6,360                  = $10,560ROI = Cash flow/ Investment basis       = $10,560/ $30,480       = 34.6%Cap rate = NOI/ Purchase price                = 16,920 / 129,900                = 13.0% Cash on cash = ???

I heard once from someone that you should have around 20% of customers/people complaining about your price which allows you to get close to the maximum amount you can charge and still have people buying or renting.

Since we are buying  a primary residence, can we still get conventional mortgage by putting 10% down?

What do you charge?

I have noticed their is a Rec commendation out there to start your first LLC in a state that has one either anonymity or two a charge order or both.

In my understanding, a lease option I can essentially charge more for rent, not deal wih property management because that’s now the tenants responsibility with an option to buy, and so on.

My first deal was for a 225k house that was in terrible shape; conventional financing wasn’t possible, so Seller had to have an all cash buyer or come TO TERMS with acting as the financier...