I could be way off those numbers so you'll need to verify that.

Will be sure to verify.

If you have very solid references or a good way of verifying the legitimacy of the person you are dealing with, that might turn out okay, but I think the ARV is trivial compared to knowing the "joker" you are dealing with can deliver a satisfactorily completed rehab.

Have you verified that the expenses are accurate and the taxes and insurance are what you would pay based on your purchase price?

There's also a decent reason I could verify, 1.5mo deposit, the unit is being kept in good condition, and rents are at the upper end of the market.

I called the church and they verified this (I know this isn't the most concrete way to verify).

I just list that we will income verify and do screening to weed out people who think you won't check.(4) Wording your ads on Craigslist.

Verify they're legal in your area.

Don't assume a penny less unless you have the prior owners tax returns and do full due diligence to verify income and expenses.$4400 X50% =2200Mo - $2748 financing cost = $548 negative cash flow a month.Your vacancy rate is low, you haven't included management, tenant placement costs, turnover costs, Accounting, licenses, common utilities.

Research for yourself, get information direct from the source, and then verify what you have heard by consulting with licensed professionals independent of a plan provider.