The building is “downtown” – solid C-class.

Would love to hear if anyone thinks these numbers / assumptions are wildly off or too conservative.Acquisition CostPurchase Price = $200,000Closing Costs (at 2%) = $4,000Due Diligence (at 1%) = $1,500Up-front Renovation Reserve = $5,000Total Acquisition Cost = $210,500Financing:20% down payment = $40,00080% loan (likely a major lender, traditional 30 year loan) = $160,00030 year term @ 3.2% (educated guess with very solid credit)Monthly Expenses:Mortgage Payment = $691.95Property Taxes = $120Insurance = $55Property Manager (soup-to-nuts) = $159Other Variable Monthly Expenses = $40Capital reserve monthly deduction = $37/month (5% of net income withheld for capex)Assumptions:3 months to renovate / update post acquisitionProperty rents for $1,400 / month (and assuming a 3% annual increase)20 day vacancy assumption = 5.48% vacancy rateTenant takes occupancy month 3Annual expense growth rate of 3%Expected / Target Returns:Monthly IRR (w/ financing) = 15.48%Monthly cash-on-cash return (average over 5 years) = 2.79%Monthly Net Operating Income (year 1) = $798Capitalization Rate = 4.79%Kyle

( I know it would be an estimate only and I'd have to apply to get solid numbers)Thanks for any insight!

Scott M. gave solid advice.

Solid returns, cash flow + appreciation in multiple pockets.

You could do both.. pull out the equity in Hawaii and invest here with a solid PM team behind your back.

The Midwest is a solid area for investing.

We should definitely chat sometime - we have a pretty solid plan but always room for learning and improvement.

There are very few places that do favorable "Air loans" unless its a solid receivable situation but again not very favorable to the borrower.

We're solid renters with high income and great credit and rental history, and our current landlord loves us and we think she's great too.