The biggest reasons being that it sounds like the rents are maxed and there isn't much value add. 

@Kiera Underwood Great advice, working on that now, have a couple pieces of the puzzle down, contractors seems to be the biggest challenge from what I can tell@Stephen Glover I've seen you a lot on the Richmond forum, I will definitely reach out! 

@Kiera Underwood the return starting out won’t be much that was my biggest thing.

That and I imagine that any damage to their furniture could be taken out of the deposit at move out.I guess the biggest consideration for me with this property is do you expect the property to appreciate?

But the biggest factor is price. 

If you or someone you know is interested please do not hesitate to reach out to me.Some information:-Cape cod style house-Located near major highways/road such as 287, Rt 22 & Rt 28-There are about 5 train stations within a 7 mile radius, including 2 within a 2 mile radius-located about 15-20 minutes away from Rutgers University- New Brunswick-also located near Raritan Valley and Middlesex CC-There is a partially finished basement where I will be residing-washer/dryer included-rent will be $675/person-estimated utilities are $60-70/person which will include the following:---electric/gas = 40---water = 5---sewage = 10---trash = 5---internet = 10

Of course, the biggest question right off the bat is why would you spend $210k on a property that you only expect to be worth $150k>As far as the analysis:You can probably pull back repairs and CapEx to 15% combined.

She said she did it on the Internet at her job so I wasn’t there.

Managing the cleaning crew is actually the biggest headache but it's tolerable.

This is one of the biggest ripoffs n DIY painting (like practically every Zinsser product aimed at the DIY market) because straight dewaxed shellac outperforms it for 1/2 the price -- all you need to do is paint three coats of paint over the shellac instead of two.