What's your minimum ROI after all expenses?

what i hear you saying is... properties are expensive, and so finding the right one is going to be difficult. 

The owner paid $73,500 for the house in 2015.

Hey Stephanus, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

As like you said it gets very expensive and seems like an accounting nightmare. 

The out-of-state seller utilized a typical property management company which resulted in bloated expenses and a rent roll below market levels.

We have owned these properties from 5-10 years and some will be needing some larger expense repairs.

I decided to fix up (20+K expenses in the last 3 months) and have signed the realtor contract last week to sell.

Collect her rent payments and gift it back to her for tuition or other expenses while avoiding taxation.It would be worth talking to a CPA to see how to position yourself best while protecting yourself and teaching your daughter to live like an adult.

• Purchased directly from a mom-and-pop operator off-market• Secured $1M credit union loan and raised $500K equity to close• Existing owner had inflated expenses and below market rents• In-place rents approximately 30% under market at purchase• Expense ratio at least 10% above the norm How did you find this deal and how did you negotiate it?