The real gold is in the smaller for sale sites and knocking on doors of FSBO.

How about IF I am getting $100 monthly net cash flow out of this door after all expenses including debt service, then I am making $1200 a year on one door with none of my money.

Then Ill look for more purchase near my original rental in the DFW area. 65k should get me a modest 3 bedroom 2 bath home (detached garage/port).

But its good to have that piece of mind when you're seeing 20k go out the door in rehab. :-)

Purchase Price: $174,900Mortgage: $838.89 with 20% down @ 6% and 5% closingCash Outlay: $43,725-Income-Rent: $1900/month (optimistically)-Expenses-Maintenance: $190/monthVacancy: $190/monthProperty Manager: $0 (self PMed)Insurance: $115/monthTaxes: $510/month (ouch)NOI: $16,860CoC: 1.54%CAP: 12.52%Profit: $27.99/door/monthI would have to offer $130,000 on this property to make $200/door/month.

I'd love to see Michael Moore knock on the door of RobK's home & interview him for this movie.

Jake, a non-profit has many doors to it, I didn't look it up, but a 501C3 is a non-profit, charitable services, a B may be for the public benefit, Steve H could look that up, but, besides the designation;Search here for non-profit, I had discussed doing hosuing as a non-profit having been there.

These days, you'll want to find the off-market deals -- door-knocking, direct mail, advertising, networking, driving neighborhoods, etc.

It's probably a redevelopment plan at work.I was looking at a couple of Fannie Mae REOs a few months ago that were next door to each other.

The price to rent ratio really favors investors in my market so $250/door cash flow is fairly easy to achieve if you know where/how to invest.