Imagine that somebody knocked on your door and wanted to purchase it for no money down.

My Mechanic/Friend who works from the garage in the commercially zoned house he rents pays 995$, but its much smaller and much less "professional" than this place.

Unless you have a very trusted money manager or business manager (doubt you do or you wouldn't be asking us) who can keep an eye on this stuff, you are likely to get fleeced at some point.

(you name it - windows, doors, concrete cracked driveway, ect).

The downsides are that if you allow them to know it, your tenants will be banging on your door on a regular basis.

The money I'd need just to get in the door would be much, much higher.

Numbers below:Purchase price: $125,000Down Payment: $25,000Mortgage payments: $6,084/yr (PI $507/month @ 5% 30 yr)Rental Income: $16,200/yrVacancy 5%: $810Property Tax: $900/yrInsurance: $800/yrProperty Manager 12%: $1,900/yrMaintenance: $2,400/yr ($100/door per month)Utilies: $300/yr waterAdvertising: $200/yrTotal Operating Expenses: $7,310Net Operating Income: $8,890Less Mortgage Payments: $6,084Total Cash Flow: $2,806Cash on Cash Return: $2,806/$25,000 = 11.2%Any errors in my numbers?

If you are really worried about it, you can start the eviction process by posting a Notice to Quit on the door (3-day notice).

Yes, they are of the NOD, so as of yet, NO response, so I can always door knock, yellow letter.

Anywhere between next door and 1-2 hour drive away.