For some reason I don't see a link, but looks like you've gotten some excellent feedback here.  

I am looking fot atleast 10% return and good neighborhood with low to less crime.This property seems to fit all those, i am little worried this being my first investment and also out of state investment, what other due diligence should i be doing.ThanksUdai

I’ll need to feel him out a bit more before I know if he’s a good fit.

At this point I am considering both options (in state & out of state) investing and am trying to weigh out my options on what might be a better fit.

@Frank Costa just tell him that you are local investor seeking to expend your portfolio. mentioning that his complex at XYZ St could be a good fit , and that you are interested in talking to him if they would consider selling. leave your phone number and email.

Here are my numbers I tried to link to my direct excel sheet last post but it wasn't working so I'm just going to copy and paste.Property Type: Single Family 4 bed 3 Bathroom     Mortgage Calculation Property Price $ 180,000.00     Loan Amount $ 173,700.00 Down Payment of 3.5% $ 6,300.00     Interest Rate5%Loan $ 173,700.00     Loan Length (years)30Rental Income $ 1,500.00 Cash Flow   Payments per year12  Out of pocket $ 1,172.46   Total number of payments360  Tenants Rent $ 1,500.00   payment per period$932.46 Monthly Expenses Cash On Cash Return   Monthy Payment with Tax$1,497.46 Taxes $ 450.00 Down Payment $ 6,300.00   sum of payments$335,685.30 Insurance $ 115.00 Closing Cost $ 3,000.00   Interest Cost$161,985.30 Electric $ 100.00 Rehab Budget $ 7,000.00     Water $ 70.00 Total Investment $ 16,300.00     Gas $ 50.00       HOA $ -       Lawn $ 25.00       Vacancy $ 100.00       Repairs $ 50.00       Mortgage Insurance $ 115.00       Capx $ 100.00       Mortgage $ 1,497.46       Total Monthly Expenses $ 2,672.46       

You will get a lot of responses and many won’t be a good fit, but over time I’ve stream lined my process and usually have a place rented in about 4-5 days.

Questions like: how long their units have been vacant, do you or the residents pay utilities, how many tours have you been giving each week, how much is your application fee, etc.You can obviously customize the questions to fit your needs.

Thirdly, maybe your "plan"(if there is one) doesn't fit your goals and for that reason you feel like you are hopelessly spinning your wheels.  

So if anyone has a recommendation on a bank they use or one that may fit some/most of those standards, please let me know.