2) Agree who will be putting up the capital required (your partner?)

Monthly Income: 1100Expenses:•-Repairs/ Maintenance – 50•-Real Estate Taxes – 112.50 (1.2%)•-Insurance – 30•-Vacancy Costs – 83•-Capital Expenditures – 100•-Total Monthly Expenses: 375.83 Downpayment: 18000Loan Amount: 72000 (with 20,000 rehab money)•-30 Years @ 5% interest Closing Costs: 4000Total Initial Investment: 22000Monthly Mortgage: 386.51Cap Rate: 9.54%Monthly Cash Flow: 329.32ROI: 17.96%After evaluating this, if this property was in a better neighborhood with less crime, would I be naive to pursue this property?

Finding 1% rule-like properties is not that impossible as I thought, at least in my niche.And the fact that here rent is paid a year upfront makes it appealing, as well as no capital gain tax.Prices though are still forecasted to drop until end of 2019.What’s your take on Dubai this year? 

I'm going to be a bit of a contrarian to the above posters, but let me first qualify my post by stating that your market will determine what you should do.We frequently install en-suite laundry in our units - in fact, we have removed common coin-op laundry in most buildings of 6-units or less in favour of en-suite laundry - for the following reasons:electricity and, in most cases, hot water costs are transferred to the tenant;where water is sub-metered, water costs are transferred to the tenant;high-efficency residential laundry machines are about half the capital costs of commercial coin-operated machines;we can command $30 - $50/month in additional rent with en-suite laundry;by installing our own machines, we know they are installed property, with catch/drain pans and {going forward} leak detect shutoffs; andwith en-suite laundry vandalism of laundry machines has been non-existant ... and if a machine is damaged, we know who is responsible.We have a good rapport with a couple of local appliance suppliers and get called whenever they have "dinged and scratched" units to unload ... a small, cosmetic dent in the side of a washer - which will never be seen when it is installed in a laundry closet - can be worth a 40 - 50% discount.  

I don't remember if it's October or November, but pretty soon we'll be hitting year 2 of the homestead to get our capital gains tax free. 

They meet once a month and are members of the National Real Estate Investors Association.

If you need to build up cash, there are a few things you can do including: finding deals for other real estate investors (i.e. wholesaling, bird-dogging, etc), saving money every month from your job and/or having a side business to build up capital. 

Hello everyone! I am a complete newbie from Woodstock GA, just northwest of Atlanta. I am an ARMY combat veteran of 6 yrs. and a father of three beautiful girls. I current work a blue collar job as an Electrical Techn...

@Omari Heflin you didn't specify how much capital you are working with

They are located near the prison on Capital Circle close to Park.