I have been crafting an excel document to manage my cash flow and such.

This house (3 bed/3 bath townhouse) is about 5 houses down from me, and I'm thinking it would be a good investment from a proximity perspective, but would like some outsider opinions on the numbers:Price: $212,000Repairs: $0 (I know the owners, and they are meticulous, and they replaced carpet, paint, and appliances prior to listing)Rents for: $1800/month (based on comps in our neighborhood)PITI: $1465/month (Principal and Interest = $910, Insurance = $45, Assoc Dues = $250, Taxes = $200, PMI = $60)I can only afford to put $30K down on this house, hence the PMI. 

In reality, it's their lack of effort in crafting and delivering clear offer persistently.

@Joe Villeneuve you're a busy guy so I'll save you some time crafting your response, yes I know it is not the optimum way invest for pure return, yes, I know it slows down the velocity of my capital, yes I know I could get better pure yield if I did what you did.

Purchase price: $900,000 Cash invested: $240,000 Sale price: $1,795,000 Contributors: Megan Halter This meticulously remodeled craftsman gem sits in the heart of Green Lake!

Then you get to craft the terms!

I also get meticulous cash receipts for the $200/day handyman I pay in cash from time to time.

Once you squeeze your 38 year old (and now slightly heftier bulk, get off my back I like craft beer and wine) through that hole you can then point the aforementioned fireplace at the P trap while you begin to heat tape the frozen toilet water supply line because "bro, toilet won't flush yo....".

Purchase price: $210,000 Cash invested: $269,000 Sale price: $305,000 CRAFT-MAN home in the heart of the city within walking distance to everything and easy access to the 10 fwy.

You can even help craft the interview questions for the publication!