Originally posted by @Ellis Thurman Jr:Thank you @Michele B.

Originally posted by @Peighton Woodard:My husband and I are looking into buying our first rental property.

Originally posted by @Taylor Chiu:Thanks @Jay Hinrichs for the response!

Originally posted by @Jeremy Moore:Hello Im Jeremy Moore and I currently reside in Richmond, Va.

Our original plan was to invest in Clayton County, hence all the areas described above.We're using the BP deal calculator and looking to get to a monthly cash flow number of $200/month with a return of at least 10% (after all expenses allocated for: PITI, CapEx 10%, R&M 8%, vacancy 8%, property management 8% and other PM "other fees" 4%.

As such, many have separated the electrical, but kept the original water and gas service.We've overcome this in several ways to end up with strong numbers, but they've all involved charging above-market rents.By the room leases—A 2b/1b apartment that could get $900 to a family is rented at $600/rm to students.Furnished apartments—People understand they're paying above market rent for an all-in place to stay. 

Originally posted by @Steve B.

Originally posted by @Shelly Floyd:@Caleb Heimsoth  Thank you for replying. 

They advertise 100% cash to close with only $3000.00 down.You need no experience, they perform no credit check, and the only interview I had with them were to answer some questions like “Do you want financial freedom?”

The next thing is conventional lenders will not provide a refinance loan only 2 months after your original acquisition loan.