In either case, it needs to be spelled out in the purchase contract, as that serves as closing instructions/guidelines for the closer.

(550/mo rent x 50% expenses = 275/mo) With my numbers matching Aarons's, you'll be at $81/mo cashflow, with expenses closer to 84%.

I had a real estate agent run comps for what homes are selling for around there and the average was 97k but the home in itself in a all repaired status the tax assessors site has it valued at 280k but I think if it was fixed it would sell for no more than 120k.Now, I went to the place to get a closer look at it as it sits farther back from the street than the other homes with its own driveway going all the way back there.

Even if they are built using the same plans, same materials, by the same contractor, one is just a little closer or further away from something than the other!

But because the money “eventually” showed up, I was lazy and let it slide until it had slid too far.I did learn that I do like real estate investing, despite the way this one turned out and decided to do another deal a bit closer to home, where I learned a bunch more lessons.

I was thinking maybe i could DM for deals to try to find something a little closer to the 2% rule. 

My wife and I are outdoor adventure and camping nuts, and recently moved to the Central Coast to be closer to family.

Those areas have a much lower price point than areas closer to Boston.You're welcome to attend my event.  

At some point you have to put them in the back burner and keep it moving, replacing them with the genuine closers. 

On a first glance I thought "no", but giving it a closer look and for having no skin in the game I don't think the numbers are too terrible to consider.