If you were the one doing the buy and hold, you might be able to get into it for a marginal cash flow that might fit your goals, but no one is going to buy that deal, unless you get closer to the $70k range.

Based on bring in $6,500, your ROI for the first year is 72% taking into account depreciation and taxes (assumes a 27% marginal tax rate).God Bless You!

So, in that case your deal would be marginal but workable.Are you saying that the seller will finance?

For example, I talk about our class a investments and how we maximize our smaller margins through tight controls while still having am appreciating property. 

A higher class while smaller margins allows us to retain more of it (souh west airlines model).Just another thought!

With a carrying cost of 1k per month, your profit margin is going quickly & with the colder season approaching it is another hurdle.

They have smaller margins but we also have almost no vacancy rate, no property management fee and low expenses.This is a great place to learn as we all start somewhere.

So, I rely on getting multiple bids to ensure that nobody is underbidding by a wide margin.  

Assuming nothing goes wrong (legal fees can eat your entire profit margin), is this the highest and best return on your money.  

This site is very well constructed, but I would think that if there's a cost to access the best part of it, there ought not be advertising unrelated to real estate in that part of it--such as the huge flashing GoDaddy ad in the margin right now.