Originally posted by @Isaac Braun:@Andrew Syrios  @Rachel H.I'm really not too concerned about the money, I just want the house to be left in good shape and for them to get out if they don't plan to pay anymore. 

Originally posted by @Daniel O'Neill:Thanks Guys!

Original plan was to flip it, then started considering renting because of the area but now, I think the original plan of flipping might be the best route.

Originally posted by @Ellis Thurman Jr:Thank you @Michele B.

Originally posted by @Peighton Woodard:My husband and I are looking into buying our first rental property.

I know that this process is going to ruin my credit score in the short run and I am worried about needing to go to a hard money lender later.

Originally posted by @Taylor Chiu:Thanks @Jay Hinrichs for the response!

Originally posted by @Jeremy Moore:Hello Im Jeremy Moore and I currently reside in Richmond, Va.

Our original plan was to invest in Clayton County, hence all the areas described above.We're using the BP deal calculator and looking to get to a monthly cash flow number of $200/month with a return of at least 10% (after all expenses allocated for: PITI, CapEx 10%, R&M 8%, vacancy 8%, property management 8% and other PM "other fees" 4%.

As such, many have separated the electrical, but kept the original water and gas service.We've overcome this in several ways to end up with strong numbers, but they've all involved charging above-market rents.By the room leases—A 2b/1b apartment that could get $900 to a family is rented at $600/rm to students.Furnished apartments—People understand they're paying above market rent for an all-in place to stay.