That’s $104,664 annually (actually increasing each month since the payments to us are all interest but the amount of principal we are paying off on the underlying note is increasing with each payment), on an “investment” of $523,000 (which is calculated as the amount of additional cash we would have received by accepting the all cash offer).  

But since we are in CA, I guess it does seem reasonable.And I agree with your other assessment of what I have been seeing.

@Farooq K. you could acquire a property and self manage it as a short term rental.

We are big fans of East TN, and also like the Alabama markets.Congrats on the refi!

We are now looking to move out and rent the rest of the home 4BR/2Bath for around $2400/month which we’ve been told is a good number.

Basically, pound the pavement and pick up the phone.And, just to be blunt - we are not in a cash flow market right now unless you use some kind of creative strategy.  

We are brand new to this; however, my husband has been in residential construction his whole life, including many years in project management of residential home developments.

I am negotiating with the bank on a short sale and they will not let me use our own title company....Has anyone worked with Golden Eagle Title before in Cleveland Ohio?

We are looking to purchase a property that has been in my family for over 100 years.

My two business partners and I are located in Atlanta and we are looking to expand into the creative finance game.