The mortgage should be around $1,600.

The mortgage and property taxes use up most of the income from rent.Don't focus on the number of rentals, focus on the quality of the rental. 

Net post-mortgage: $91,586/year.

If you are considering buying using Subject To - Subto, it's important to know what your exit strategy is.Talk to a mortgage broker (not a bank) and ask if that is a property you will be able to get financing on in the event you have to refinance quickly, because the Due On Sale clause was called.AndTalk to a real estate agent about how much you would have to bring to closing in the event you had to sell quickly.

Would also love to connect with experienced Cleveland rental investors.Much Thanks 2% deals are hard to come by but they do exist.

It wasn’t a massive deal—our expected assignment fee was $10,000—but when you’re growing a business, every opportunity matters.Everything seemed to be moving smoothly until the title search revealed a major roadblock: the mortgage discharge couldn’t be cleared because the person who needed to sign off was deceased.

Having a mortgage and your normal STR insurance is already 2 levels of protection. 

What is the best way to best way to deal with the existing tenants? 

@Diandre PiercePaying down mortgages is the opposite of scaling.

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.