There are plenty of other opportunities in Stockton that would bring a better return.

Also like the idea of starting to prepare the tenants for the new management approach and expectations I'll bring compared to the previous owners.

Love your analogy about turning your savings account into a money making machine....I have the same mental picture....all my little dollars are employees working every day to make money and bring it home at night.

Average spot has to bring you at least 300$ NET.

There may be one or two tweaks that'd bring it in line.Thanks for your input!

Which brings us to your next question.How do you know how much to charge?

Without getting any actual documentation, I have been told by the selling realtor that the current owner brings in about 30k per year in revenue and nets 25k.

Let's try and bringing it to an apple-to-apple comparison.

Again, it’s a great program, but you do need to be able to come up with your down payment for your next deal since that 3.5% is the lowest you’ll ever be able to bring to closing thereafter.

In more expensive areas, house hacking will net you lower monthly expenses vs. renting, but may not bring cash-flow.