I understand how to crunch numbers but with 300 plus doors in a C+ grade neighbourhood what is reasonable vacancy rates?

The other is for $875 to two guys and a dog that make about $90K per year combined.I don't have any vacancies right now, but have two coming up in the next month and will try this again.

(I have good credit)Purchase Price: $32,000.00Purchase Closing Costs: $1,500.00Estimated Repair Costs: $2,000.00Total Cost of Project: $35,500.00After Repair Value: $36,000.00Down Payment: $5,000.00Loan Amount: $27,000.00 Loan Fees: Amortized Over: 15 yearsLoan Interest Rate: 5%Monthly P&I: $213.51My numbers(monthly): Vacancy: 110Water: 100 to be safeP & I: 213.51Repairs: 275Insurance: 50Taxes: 183.33

@Terry Hershberger Well from the numbers I'm looking at the COC% is near a little over 21% that's considering a 7% vacancy rate and 7% maintenance based on rent. 

If I understand your numbers properly, the 10% = $3000 annually or $250 / month BEFORE maintenance, vacancy, and management fees.  

Are you going to have a lot of repair and vacancy costs due to your clientele?

Risking 100% vacancy is not fun.

Let me be brief on my first property I bought about two years ago: I bought a 2 bed 1 bath duplex in a neighborhood that has a lot of vacancy and low rents( I found out about this after I bought the property, again not studying my market) for 95k with a conventional loan at 4.12% interest with a 25% down payment for 30 years PITI is $540 a month.

It's just big enough to be legally a bedroom, so TINY.My question is to those with these 'barely legal' bedrooms, if potential tenants ever take issue with it and you have trouble filling vacancies listing it as a 3br.

Instead of fretting about vacancies, dealing with evictions and late-payments, or struggling to repair units damaged by children or unruly tenants, I can simply spend a couple hours cleaning before and after guest stays.Fortunately, it takes six to eight months to build the references needed to charge a profitable rate, since guests are willing to spend up to 100% more for an otherwise similar property given positive reviews.