This deal didn’t have enough equity built into it and I would have to hold the property for 3 years before I could make a positive total annualized return.  

So I was wondering... a few weeks ago I received the appraisal back for a Kansas City turnkey property I'm currently buying.

(Utilities were rounded up on my part)The asking price is $115K (in a very small town, but the biggest town within a 50 mile radius).Monthly Rent                                          280010% Vacancy                                        -    280Gross Monthly Operating Income     252010% Property Management                   28010% Repairs Maintenance                      28010% CapEx Reserves                                280Property Taxes                                          280Property Insurance                                   200Heat                                                             270Electricity                                                    225Water                                                             75Monthly Operating Expenses              1890   Total Annual Operating Income           30240 Total Annual Operating Expenses     - 22680Annual Net Operating Income             7560Purchase Price                                    115000Cap Rate                                                6.57%25% Down Payment on Loan             28750Loan Amount                                        86250Closing Costs                                             300Length of Mortgage                             20 yrsAnnual Interest Rate                              5.0%Total Annual Debt Service                  6831Annual Cash Flow                                    729Monthly Cash Flow                                  $60Cash on Cash ROI                                   2.3%When I first saw a "6 unit apartment for only $115K" I thought it was a gold mine.

.- No annual report- No Annual Fee- No state income tax (c corp filing for tax not s corp pass thru)My question is basically, will I need to file biennial in Indiana if i register as foreign entity in Indiana (I assume this would be necessary to have a rental property with income in that state)I am less worried about the fee's for registering, but more curious about ongoing maintenance.From my perspective, if i have to spend a bit more money to register as a foreign entity in Indiana, but I don't have to file each year, the extra cost would be worth it to keep this thing low maintenance.Any thoughts or suggestions welcome.Thanks!

You mostly want someone familiar with Virginia and New York tax laws so that they will know there is an issue when the states' tax laws are not in conformity with the federal rules.Virginia does have an "Other State Tax Credit"; they require that you provide attach a copy of the other state's tax return to your Virginia tax return and then you will receive a tax credit for your payment to the other state (New York). 

The 2017 median annual income for a family of four in Austin-Round Rock MSA was $81,400.

If the original ground rent lease is silent as to the redemption price then the following applies:July 2, 1982 – Present – 12%April 6, 1888 – July 1, 1982 – 6%April 8, 1884 – April 5, 1988 – 4%Prior to April 9, 1884 – Negotiable and possibly non-redeemable.To compute the redemption price, take the annual ground rent and divide by the capitalization rate.

Example (Buy & Hold):Purchase price: € 150.000,00Downpayment: € 35.000,00Additional cost for buying: € 25.188,00 (legal, tax, agency fee, cleaning, mortgage fee)Renovation cost: € 10.000,00Monthly Mortgage Payment (PI): € 487,34 (annual interest € 2.267,28, annual principal € 3.581,91)Tax on income: flat 21%Total annual operating income: € 16.111,20Total annual operating expense: € 6.060,00Question:How do you calculate cash on cash return (ROI)? 

What happens when you can not receive the rent and needing money for both loan and mortgage? 

Even though NNN has tenants paying CAM the owner has to try to keep overall cam as low as possible so that the businesses can more easily pay annual rental increases and thrive.