I think the biggest question these days is how long are you planning to hold this?

I think @Tyler Warrick is pretty close, but obviously you won't really know until you get your hands on something and they can calculate it out. 

I too am interested in class C neighborhoods of Scranton due to the low entry point for buy and hold rentals.

If they qualify and submit a holding deposit and/or sign a lease within a certain amount of time (a week usually) and I haven't run the checks on the other applicants, I return their money.   

. - I do not see holding costs.  

Investment Info:Small multi-family (2-4 units) buy & hold investment in Granville.

Investment Info:Condo buy & hold investment.

This allows you to be mostly hands off and have the property serve as a true passive investment. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Since interest rate is now high, then IO product becomes interesting.When interest rate is above 6% ; the principal portion of the first 5-8 years is so low that it almost has no point of having principal, so IO loan product becomes (g00d)  product, BUT.....this is the but:1) if i plan to hold the house longer than 10 years hence it's better if I add principal which will reduce cashflow2) but if you plan to house longer than 15 years, and your home appreciate more than 5% yoy, just for the sake of 100 dollar cash flow, then you miss the bigger thing which is appreciation.