Then I'm looking at the negative cashflow of: -1,594 +paydown of 4,768.41 and appreciation of 2% at $2,700 for a total of: $5,874 and my down payment was $27,000 so would that be an effective return of 5874/27k ?

. :)$1200+ PITI payment for a $1300 rent is a negative cash flow deal.

I only paid 1500 for it, so its basically a guinea pig to practice and learn.

I've been working at my local country club as a bag boy during the summer since my freshman year, and, although it is a great summer job, I only make about $3,000 per summer.

Not great. 750 p and i on a 30, plus t and i plus maintenance minus vacancy plus misc.

On my last rehab I only visited the property once.

@Scott Isley,Well, you're not going to like this.... but after owning several large Apartment complexes, and COUNTLESS nightmares, I sold them all and now I only invest in Self Storage: No Tenants, Toilets, or Trash...When they don't pay, I lock them out, sell their stuff, and recoup my $.

This may justify part of the premium...Problem is, I only have about $9,000 cash right now.

Simply tell them that you're willing to work with him in clearing up the matter to release the judgment that can have a negative impact on his credit and may increase his costs in conducting consumer business in the future.

I only have 4 properties but with pretty good equity...one is also paid off.My wife and I want to get more aggressive and get about 6 more properties for now (10 total)I'm trying to find out what might be one of the best ways to obtain more properties using the equity we already have and who to use for doing so?