If I were to buy one it would be as a long term income investment.Here are the numbers from one of their properties so you get the idea.Bedrooms 4Bathrooms 2.5Build sq.ft 1252Year Built 1973$ £*Annual Rent 10,200HOA Fees 0 0County Taxes 839Management Fees 600Annual Insurance 450Annual Cash Flow 8,311Annual Net Yeld 13.85%Price of house $60,000Monthly Rent $850Net Yield 13.85%6--- BUCKHURST TRL.College Park, Fulton, Georgia 30349Thanks,Paul Scothern

I just wanted to resurect this thread becuase Im zeroing in on what this will actually cost me and what type of income it would generate.Roughly it would generate $11,300/mo (4 3bed, 6 2bed, 6 1bed & Im operating on the conservative side for the rent amount).Expenses would roughly be debt service of about $6,600, $900 for property insurance, Its exempt from property insurance for 5 years (renisance zone), $700 in maintenance, and I would do all the property management.We are talking the place from the gutting phase all the way to turn key for a million bucks.

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Hey Jon, I've had several different companies over the last several months, it looks like they are coming in around $330-350.A few of the things I look for:- Education: I like to work with inspectors who help educate me on maintenance-related issues.

My single family houses have the greatest maintenance expense but the least turnover.

My question is should I put DW & GD in or is there to many maintenance issues with these items when renters are involved?

When I went through it, there was definitely a lot maintenance that needed to be done.

In many cases, when you add the taxes, insurance, maintenance, repairs, and lost value of money that might've been used somewhere else it is difficult to argue about owning a home is better.Of course, there are other considerations.

Can I say "must have no evictions in 5 years, annual income that is 70x monthly rent, etc?

The average annual increase has been between 1-2% with me personally seeing 2-3% over the last 2 years.