=================================Property Value: $2,000,000Down payment and Carrying Cost: $535,000 (25% down plus carrying cost for closing etc.)Repair Cost: $100,000Investment period: 3 YearsSales Price: $2,300,000Sales Carrying Cost: $125,000 (sales commission to broker 4%, final water/electric/gas/other bills, any other charges)After three-year mortgage balance: $1,500,000 - $265,000 (principal that are paid off in three years) = $1,235,000Rental income total at 7% of down payment: $105,000 Total Proceeds: $2,300,000 - $1,235,000 - $125,000 = $940,00065% of proceeds: ($105,000 + $940,000) * .80 = $836,000Total investment: $635,000Percentage on return: ($836,000 - $635,000) / (3 * $635,000) = 10.55%===================================

The neighborhood gas station/convenience store is the best place to start your investigation:The three-foot-high signs that say "WE ACCEPT EBT" mounted outside the doorway.The gas station does business after hours through bulletproof glass.At least two people coming into the gas station during a 20 minute visit who want the clerk to, "Pu' fi' dollahz on Pump 3."

I left the master-cool cooling system and gas furnace in place and had this place rented in 3 months.

Edit: home is heated by gas furnace.After 2 months of research & asking around, we will hire a trusted friend with 20 years of handyman/flooring experience to do the works (everything from Remove Carpet, redo underlayment floor, install new flooring).

I had been renting a smaller house for 4 years at $2,020/mo (plus gas/electric) in the same town and felt like I was wasting my money. 

Thank You so much for helping me validate my assumptions.

Once house is complete, I get a year lease, appraiser comes back and validates the work.

My guess with your vehicle gas and other miscilanious expences you will be well over $1575.

, maintain caulk in vinyl replacement window exteriors- With elderly cast-iron DWW system in place, ALWAYS be on the alert for comments about foul odors coming from drains/walls -- invaluable indicator that traps are siphoning/leaking out/cast iron is drying out/sewage gas is escaping.- Check for corner tears on screens- Monitor doorways for expanding corner cracks indicating accelerated/new settling.- Repeating @George W.'

IE if the norm is for gas to be paid by the tenant, yet your tenant has to pay their gas + hot water gas usage, it will "feel" more expensive to them and many applicants will pass (and you'll suffer higher vacancy).