Here is the numbers.Rooms: 6 bedrooms 2 bathroomsTenants:3 tenantsUnoccupied rooms: None Rent for tenants: 2825$/month = 941$ each Average yearly Income: 34, 200Property Listed Price: @$299,000 Offered Price: $290,000EXPENSESTaxes: $1722 per year = 200Insurance: 200 City water 150Lawn 160$ Estimate for Vacancies: 5% 142.5 Its actually 5.2% Repair: 7% 170Property Management (10%) 285-> She told me she can have a friend watch and care for the property for meMortgage: 5% down(14,500) at 2.3% for 1206(adjusted)Expenses total: 2228.52$/monthCash flow= 596.48 NOI: 7157.76ROI = NOIx12/14,500 = 49%Okay guys so Looks like my Cash flow and ROI is GREAT.

It has a half finished full bath and has possibly another bedroom and family room as well. 

There are guidelines to make sure you have enough wiggle room to not get yourself into trouble.  

hello I'm Rupert from Arizona, new to the game but shoot for the stars trying to be rookie of the year. My goal is to be financially free and break away from the chains of the daily grind so I can have a better qualit...

Going to attempt to summarize everything up to this point.Current Stage of construction: FramingWe purchased this lot about 3 years ago for $6000Have built 3 homes in this same neighborhood, this is our 4thTook about 6 months of re-zoning to allow for a variance in the rear of the property so we could maximize the size of the home, mainly to accomadate a master bedroom downstairsLot was vacant, cleared out a few trees and started on the foundation, concrete slabAltered the plan a bit so that the patio faced east instead of north, thus making it open to the patio.Project Description: 2-story home, 3 bed, 2.5 bath, 1 office, 1 game room/4th bed2808 sqft,  Lot  6,568 sqft        

A few rooms need to be repainted and have crown molding installed.

Pick up and 15-18 hours a week and that is almost an extra grand a month! 

There is room to build out 2 more duplexes with county approval.

Count on 3 to 4 grand to replace it with a decent unit.

Please let me know if you would like me to provide more information.I would like to live here and rent out rooms to cut costs but one of the rooms is much too small for someone to live in comfortably.