You posted the raw data, just go one layer deeper to get to % returns to confirm your purchase price in relation to your expected return/profit/cashflow:$5,500 + $3,000 = $8,500/mo or $102k/yr GOI (gross annual rent collected)Knock off 25% for expenses and you are at $71k/yr or $5.9k/mo NOI on this $1.05M investment or holding this at a 6.8% cap rateWith your 7%, 75% LTV loan, you'd be paying $5k/mo for the loan, leaving you with $900/mo or $10.8k/yr in Cashflow.Now to determine your CoC return (Cash-on-Cash), take the $10.8k in CF and divide it by your equity-in, likely ~$300k, so 3.6% return on your cash/equity in this deal.

The benefit of the outskirts of town: easier to find new place to build, land is cheaper, still in the path of gentrification and appreciation due to proximity to SLC market, no HOA to deal with, much less permitting and red tape, and these lead to new builds, which has the benefits of maximizing costseg and minimizing maintenance and repairs because the build is brand new.Happy to discuss by videoconference if you want, and I can pay you for your time. 

I have an inherited tenant that I was putting up with because although her rent was always late... she did pay and I wanted to avoid the turn cost and headache of getting her out.

They didn’t except said that I should pay double since not returning in 30 days… I offered to even return the full deposit and to go separate ways.

Can you stomach going over budget, time delays, and having to pay the mortgage without any income coming in from the property?

I am looking for ways not to be responsible for the house and yet not pay the capital gains tax? 

Hi I am new multifamily investing wanted some help analyze 10 unit multifamily unitIt’s 12 blocks away from little Italy towards Glenville in Cleveland How much you pay for door how can I get the comps 90% rented and roof is new Six of the units are 2 bed 1 bath and 4 units are 1 bed 1 bath- 9 of them rentedHow do I run the comps for this what would be the best priceAny recommendations on inspection company

So, I wonder if one could convince them to connect it and monitor it . . . it gives feedback on their water usage so they may be interested in knowing since they are paying the water bill. 

I'm not trying to pay for what I don't need but I would like to be fully covered for an affordable price. 

Since it is vacant, this would probably work best with a conventional loan, and the proceeds would be used to pay for the reno + buyout.