Need to do a more detailed analysis here but I would expect relatively low cap-ex in the next 10 years.Home is in a good area (on a quiet street but still walkable to restaurants/bars/parks, schools are average to above average)Expected rent would be about $1500/m based on quick analysis of current listingsOur new location we're moving to will be about 10-15 mins awayI would like to manage this property myself but budget for property mgmt anywayIf I get into this and HATE being a landlord, or decide owning rentals isn't right for me, I have 2 years to figure that out and at that time could still sell the home and not pay any LTCG tax on the proceedsShort term goal: Since my personal situation will inhibit my time and ability to pursue scaling a rental property business in the short term (say 5-10 years), the goal of renting this property out will be to pay it off as quickly as possible and let it sit there providing good monthly cash flow, or possibly refi to lower monthly payment and increase cash flow if the payoff timetable isn't short enough.Long term goal: I would tentatively like to scale into owning maybe 10 or so rental properties at my time of retirement (say 20 years from now) to provide good cash flow in early retirement, and to keep me busy.

But if I could cash flow $300 a month or more I would be happy with the BRRRR.I’d love to connect further and discuss if you’re open to it.BestJohn Good Morning All, wanted to hop on to get some insight in regards to what is the average cashflow one should expect  and what is the lowest, I don't want to put myself in a position as I am looking for my first property that to go below the average without knowing.

So far, I've averaged about 10 people a meeting, and I'm confident it will grow with consistency.

The average renter has been their for 3 years. 

Typically the average is $1.50 wash and $1.50 dry ($3.00 total)3.

I think I was overpriced so I dropped the price to a little below the area average and found a first tenant. 

For ease of calculating this, let's say that each of your houses appraises at 150k on average, for a total NW of 1.8M.

The permits and approvals cost at least $35K...Basically my idea hinges on the fact that the average house costs ~ $400 / sq foot in my area, but I could save 30% of the cost just by building a manufactured house from scratch on a lot. 

The permits and approvals cost at least $35K...Basically my idea hinges on the fact that the average house costs ~ $400 / sq foot in my area, but I could save 30% of the cost just by building a manufactured house from scratch on a lot.

The permits and approvals cost at least $35K...Basically my idea hinges on the fact that the average house costs ~ $400 / sq foot in my area, but I could save 30% of the cost just by building a manufactured house from scratch on a lot.