Make sure you buy it in an LLC so the fines dont go to you just in case.You'll have a month or three to do full due diligence, which is good because you want to be super thorough, but the numbers work well enough for the extra hassle with what little you gave us.

I'm calculating a monthly cash flow of about $250 and if self-managed an extra $130.

Hey, I'm completely new here I'll combine an introduction with a burning question that i've stumbled upon.My name is Tyler and I'm in the Army, currently serving in Japan.

(e.g. she moves someone extra in, she starts paying late).

LOL no need for the extras lol 

(Without all the extra costs included) So basically, I just wanted to get some feedback on what you guys thought about low income areas.

I owned 3 duplexes across from Zeiger elementary (owned them while they were building the school, cutting down trees and raising the water table so our furnaces under the buildings burned out!) 

Our goal by the end of the year is to have 6 properties purchased and rented out, so we don't want to burn through all of our cash on the first 2 or 3 deals.  

They will not be in a closet but may be separated by a 4 feet wall on the side.The reason I am asking is that there are already all connections available if I keep the washer/dryer location same but then it is in the master bath.The alternate design is to move washer/dryer to a side, in a closet and be totally separated with master bath but then it will cost more as I will have to pay for extra plumbing/electrical and vent.any ideas?

The owner is more likely to just delay the foreclosure and in some area it could take years meanwhile the owner could be staying with family renting out the place to pocket the cash off the books and than a few years later the foreclosure finishes and he could get bumped into section 8 (depending on location) with the bill 100% footed by his social security or workman comp assuming they are older or just lost there job because of an injury.... or no matter what the age maybe there just a deadbeat and will burn the place down and let the insurance deal with it...