Yes, $1,800 per month on a $485K asset is a terrible 4.4% return. and you haven't factored in vacancy or repairs. 

Rents are obnoxious for terrible properties.

Unfortunately, for your sake and the community's sake I feel like I should say that we had a terrible experience with Voepel and would not recommend anyone hire them as their PM. 

The numbers have to make sense and in larger MF there have been a lot of terrible deals w/ syndicators putting up lofty projections on returns and low financing so I believe there will be opportunities in that market. 

I did a great deal of REO work in 43206 back in 2007-2009 and found that there were many halfway decent neighborhoods, ones that wouldn't be too terrible to own rentals in.

The other 20% are making lateral moves into my properties because I tend to remodel them to a higher standard and folks are sick of slum lords.Are there still terrible areas that resemble war zones?

Also, if the house is occupied just assume the tenants are terrible and you will need to evict.2.)

There is some really terrible stuff out there.

This thread is full of poor advice... some is even terrible.

Do any of you know of workarounds for the terrible payment system?