The only problem that I have with using my cash on cash return in year one is as follows: What if in Year 1 I have a large amount of Capital Expenditures that occur (small amount of rehab, paint, floors,fence) ?

I use what's called sendoutcards and with this I can create my cards (or choose theirs) and they stuff it, stamp it, and mail it for me.

Eh slap a coat of paint and no one will tell the difference :mrgreen:

Paint, little tools, gutters..Do I claim these items under "supplies" or "repair"..I bought about 1900 dollars in new appliances for the rental unit.

If you end up spending the $59K purchase price, plus closing costs (including the closing costs on that loan), plus any fixup the place needs (guarantee it will need at least paint, cleaning, and maybe flooring), then you will be just about break even.

Then I'd have to pick up the old paint chips.

To used it as a rental, you'll probably just need new appliances and paint.

Make it shine inside, impeccably clean, fresh paint, new carpet if stained or worn.Have it professionally staged, this has made a huge difference in the time on market for my properties.Don't worry about selling from a distance, your Realtor and Title Co. will help you through it.

She contacted me a few weeks later and said we had lead paint on our house.

Why do the newer investors choose apartments when like i say, the headache just seems higher then on a retail or office space.