It doesn't however meet the 2% rule and barely makes the 60% rule.

It also encouraged me to pick a strategy instead of succumbing to the "shiny ball syndrome" of getting excited about every strategy that I hear about on the podcast or read about in a book.If you want the bare minimum for your plan, I would suggest you include your Mission (what are your intentions), Goals (where you want to be), Strategy (how you intend to accomplish your goals), Criteria (how you will evaluate your deals to reduce risk of loss), Financing (how you intend to pay for your investments), Exit Strategy (how will you make money or cap losses when things don't according to plan), and a few example deals to show proof of concept to lenders and potential partners.https://www.biggerpockets.com/real-estate-investin...I hope this helps and good luck!

We were forced to rent it out due to a cross-state move and barely break even every month.

.- Shortly after that agreement (which btw, I have NOT signed, but she has - because she failed to be home at the time we agreed to meet and I and I left it in her mailbox - also saying it's due by April 1, a deadline she failed to meet (she signed it on the 5th) and also part of the requirement was her paying the outstanding balance, so my attorney says the agreement is void unless I want to honor it) I got my water bill... it was about $2100 for that month, previous bills have been barely over $300 for all 3 units.- I called the city and they sent me an itemized usage by day, the correlation between between the above events that transpired and usage is too much of a coincidence to dismiss.

I went into this barely OK with 10% and 4 points.

I mail postcards to owners of bare land (there is a ton in eastern WA) who are behind on taxes and I am surprised at the number I get returned.

If the answer is no, then there you have it.Having an investment property (and this is now an investment property even though you used to live in it) where rents barely cover the mortgage is probably a situation that 99% of investors on BP would want nothing to do with.

The house barely breaks even in rent and under certain calculation it even looses money.

They would simply buy a house, higher a contractor, and pay the money to fix it up and live in it, but because we are selling a $185,000 home to a customer that can barely get approved for a conventional FHA loan they will not have the resources to get approved for a distressed property and pay an additional $25,000 cash for rehab.

Are your reasons more about you or are your, or do your reasons include those you serve, your customers, your clients, your community.RE is a people business, more so than most all other businesses.If you had a candy store, you'd be in business to make money, your product priced to what the market might bare.