Also the average price for such a home is 150-165.Having done my homework on rental prices the best I can get is about 1050 for that place if I want any chance of renting it out.

Taxes and parking are two items that are frequently overlooked.You have lots of homework to do you might find that you where you get the most bang for the buck is the area to consider.

Provide those #'s and I will do some math for you and give you some advice.

My math says you'd owe a maximum of $175...oh wait, you don't owe anything as they never gave you proper notice! 

My initial thought before doing this math was to just increase rental income by $100/mo for year 1 and then again for year 2 and again for year 3 until I got to market rent.  

You need to get the math right, from the start.Working out the EXPENSES will require extensive knowledge, adapted for each individual building.Once you have that knowledge, just look for ones that will return MORE than those expenses!

I'm a rookie investor in the Tulsa, Oklahoma area interested in purchasing a flip in the next 6-8 months.*  I have one "flip" under my belt (we worked an FHA 203k owner occupy into approximately 25k of equity).  We've...

@Spencer GrayBased on some of these online calculators I’m hovering around 9-10% cash on cash return if I use the example of 135k down payment 62k gross income 26k annual mortgage payment21k operating expenses 3% vacancy loss Thanks for the feedback I’m horrible at math but 9.8% is the number I got when I plugged in all these numbers.

I recommend a simple spreadsheet to check your math and it will make it simple to adjust each year.End the complaints.

@Maurice Evans do the math on how it affects your ROI!