Cash on cash return is not worth the effort at all.  

I can go over what we have done and why as well as going over the different tax impacts (not an impact on taxes so much as on the type of return you might or might not have.) 

Hi Vincent,Great job looking for those types of returns.

Since a security deposit is calculated in what is owned / returned, I would want to be very careful.

I was speaking with a multi-billion $ institutional investor's COO several weeks ago and they said when they went to Wall Street to raise money, every banker wanted to know how much of their portfolio was based in Atlanta...meaning, Wall Street knows that Atlanta is a very stable and quality location to own in and while return may be lower than other higher risk areas, it is a quality area and top of the bell curve in most return and risk respects. 

Purchase price - $242500Estimated rehab costs - 5kARV - 285kMortgage PITI - $1376HELOC payment - $390Rental income - $2600Cash flow (Prior to refi) - $734 Cash on cash return - 15%I need to fix up one unit as it is very outdated, the other unit is already remodeled.

Figure out what kind of returns you want and then start messing around in the BP calculators.

Also, you need to measure how many returned mail pieces you've gotten.

2024 is 6 years awayI plan to spend the next 6-12 months learning and studying dealsI estimate that in order to replace ~$130,000 of gross annual income I will need to have that same total of net cash flow from my properties by that time (I currently only own two single family houses)If I make the assumption that the deals that I find/buy return $500 per month of net cash flow then I will need a total of 22 properties to equal $132,000 per year (22 * $500 = $11,000/mo. * 12mos = $132,000/yr)The $500 per unit estimate is not a per door estimate, rather a per unit estimate.

My single most important criteria whether purchasing single family or a mobile home park:Is my cash on cash return.