I am worried about inflation, the last couple of years I've just parked it in my savings account, which is obviously just losing buying power year after year due to inflation.

In addition, I would want the total expenses to come out to less than 50% of the rent.

@David Ribardo and @Joe C jump in with any edits/comments you might have Purchase Price $149,900 (50K a door rule looks good) Three units total gross/month 2239 (1% rule looks good) Fixed expenses: Taxes 2517, Trash 1125 (375/unit in Allentown unless private collection deal previously arranged) Insurance: 703 Common Electric: 519Water/Sewer: 802Allentown Fee: 225 (75/unit/year) Variable Expenses:  Vacancy: 2239 (One months rent of each place, or 8.3%) Management: 1800 (50/door/month) CapEx/Maintenance: 3000 (1000/door) Total Operating Expenses: $12,930 Total Gross Income: $26,868Net Operating Income: Op Ex - Gross = $13,938 Divide your NOI by the cap rate your looking for and you have your offer price.

Update: I ran the ozone generator for about 10-12 hours total and from what I can tell the smell is gone (it's a 900 SF apt).

Obviously, I’m looking at from the landlord perspective.All of my investing to date is in AZ.

My total cash to purchase the property will be $6,500 + closing.With a contract for $43,500, I don't think there's much room for a wholesale opportunity & a 30 year loan would increase my cashflow by about $40/mo but I can't seem to find one right now.The property is a 3/2, 1,000 sq. ft. the lease renews in August, month to month, at $825.

Sometimes there is an obvious answer that I'm not seeing so I appreciate any comments. 

I am currently looking through the boards trying to find an investor friendly real estate agent in Cincinnati, though preferably licensed in KY as well, so I'm obviously still early in the process of trying to find the right team members.

I know that I have a lot to learn and that it’ll require quite a bit of effort and time, and I’m willing to do the work, but the problem is that I’m not really sure where I should go to learn more and how to get started now.I've always been pretty frugal, and since I started working full time about two years ago I've saved up about 25k total toward a down payment.

Obviously the least possible effective amount is the goal.