I believe market rent will be between $800-850 (I am going to have my property manager give me her opinion)Taxes are currently $540/yr but it has a special assessment and military/homestead credits so I think it will be closer to $1200/yr once the purchase price hits the assessors office.Repair 10%/Vacancy 5%/Prop Management 8%Insurance $50/mo.I want to see $200/mo cashflow and 12% cash on cash.Portfolio lender will loan upto 85% BPO no specific downpayment requirement aslong as it has a 1.25 DSCR and 85%.  25yr not 30.Do I put more down to make $200 cashflow but reduce my Cash on Cash or do I leverage higher get $155 cashflow and put less down so my ROI goes higher?  

Clair Shores, Warren, Mount Clements and Eastpointe.Our goal with real estate investing is to retire early or at least reduce our day job workload leading up to retirement.

Education is very important to reduce your mistakes.  

Also while on the topic of non keyed door handles they are great because they also help reduce your "lockouts" as tenants can't accidently have the door handle locked then shut the door locking themselves out.

On a separate note, would you be able to reduce your future tax burden for years to come by claming this as some sort of investment loss.

I like the idea of asking the agent for a reduced fee.  

Refinanced less than 6 months ago and locked in a great interest rate and reduced the mortgage, but increased the loan amount.

@Joe S.If it a property that appreciates, then use the nett loss from that to reduce any taxable income from the rest of your portfolio.

I made a mistake a couple years ago and am now a registered sex offender.

Keep in mind, if a seller is willing to reduce the list price by even one dollar, then they’ll just as easily credit that dollar towards the buyer’s closing costs as they still net the same.