They have amazing margins and will cover the cost in the first few payments2.

We have tight margins but buy class A properties where we are able to keep very tight control of the expenses, have little to no vacancies and self manage.Another great resource is to check out the signatures of those who comments you enjoy.

We have tight margins but buy class A properties where we are able to keep very tight control of the expenses, have little to no vacancies and self manage.

We focus on keeping are margins down through great houses with low expenses, no to limited vacancies and no management fees because we self-manage.

It should be pretty straight forward:-the initial rate is locked and fixed for the intro period of 3-5 years depending on which you pick-at the end of the 3rd or 5th year your rate adjusts annually (one time per year) based on a margin + an index.

It really comes down to cash flow, profit margin and time.

@Barry Ratliff I usually buy non performing so 10% below market usually leaves a solid margin and saves the problem of having to FC.  

If so, how wise is it to close in on this margin?

You're going to be hard pressed, in this current market, to find deals on the MLS with enough margin to produce cash flow. 

I have no problem with your numbers.My question is, since you have some cash on hand, why wouldn't you leverage that on a property in an area with better margins and opportunities?