We already have 74k in gross bookings for next year.

@Calvin Thomas fine, substitute "gross profit" for "markup"

Thanks for your answer.They charge me 7% from gross income plus 13% of any repair or rehab wether I bring the vendor or they do it.how do you think?

Their sky-high value will begin to decline at some point.End of year I am grossing $25k each unit, and netting $11k on the paid off unit after taxes, insurance, HOA fees and modest repairs.

Low income subsidized rentals may return a high gross cash flow, but their total investment value in a growing portfolio is more glitter than gold.

All foreclosures are based on gross fraud, forged signatures,fake documents, corrupted judges who are criminals working for the bankers.The same goes for the attorneys.This country doesn't have the lawyers, and public officials are not following the law.Not the common law not even their own fake, UCC code color of law.BAR attorneys are foreign agents trained to destroy American people and American Constitution!

Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.

Section 8 pays more to SLUMLORDS renting less than  the average apartments. https://www.huduser.gov/portal/datasets/fmr.htmlhttps://www.huduser.gov/portal/datasets/fmr/fmrs/FY2024_code...The small area FMR for N Collinwood (44119) is $1000 gross (all utilities included)Landlords (like me and redwood) with nice rental properties, will not take section 8 because they do not pay enough rent.

@Rodney MillerYour math is incorrect.The leveraged portion of gross income is considered UDFI and therefore taxable. 

240 units @ $60 monthly = $14,400$14,400 * 12 months = $172,800 gross profitIt's like have 240 tiny apartments for rent, OOOO, I'm In, getting on this tomorrow..