Apparently, a walkthrough with a highly prospective tenant was interrupted when they arrived to see that there were cars parked in front of the property, no lock box, and people inside the house.

Some people like free and clear properties since it maximizes their cash flow and minimizes risk of expenses to cover during vacancies.

Purchase price (including closing costs) $160kRehab 20KARV 213kSell on the lease option for 225k with a 4K option feeGet a long term loan for 160kMonthly Lease Payment $1350mortgage (4%, 30 years) $760Taxes and insurance $140Tenant takes care of repairs and maintenance 0Because it is a lease option managing the property is minimal 0Monthly cash flow $450total that I have left into the property after refinancing 20kROI (450 x 12 = $5400 / 20000) 27%If I bring in a second position lender for 10k at 10% for 3 years, then my cash flow would go down by $83 a month but my ROI would go to 54%.

Fitchburg, MA:  maybe 10% of the town's economy depends on student matriculation; if matriculation is cut off for an entire semester, there will be an impact, but that impact will be minimal and there will be no impact on the demand for real estate.I would NOT invest in Amherst right now; I would invest in Fitchburg. 

Lofty returns on assets with minimal risk do exist but they are swiftly picked up by local networks...leaving out of state investors with two real choices1)  Solid returns on solid assets2)  Great paper returns on questionable assetsNeither is wrong - but understanding that trade-off is crucial

Usually local reia membership dues are minimal.

We lived in it for two years, but we did very minimal upgrades (I am a designer and project manager).

@Randy VirdenIt’s a minimal expense.

If so, 10/1 all the way the total interest you would pay on this loan would be minimal. 

I’m looking for a landscaping company that can do routine mowing and minimal additional landscaping work, such as trimming, mulching, and occasional new plantings.