Might want to double check what the SEV is for the property and use the State of Michigan property tax calculator to verify.

My calculator is showing annual pre-tax cash flow at $5,643 which equates to an ROI of ~16% pre-tax.

THe best bet, is to get an attorney, and offer CASH FOR KEYS!

If you are carrying a mortgage for say the next 6 months you have to calculate carrying costs paid out each month with 4 months before putting on the market plus another two if you get it under contract right away to close it.You still might be better off selling today it just varies.

If not, a bad solenoid/pump would be my next bet.

There's probably more to it than that, but that's my bet anyway.If you are interested in rentals in Portland, maybe a get in touch with a realtor and get an idea of what to expect for cap rates, etc. there and maybe give them some of your criteria so they can be on the lookout for properties you might be interested in.

You helped me win a bet.

Your best bet get a good insurance policy.Joe Gore

Management looks low.How are you calculating Gross NOI?

This does increase your cash flow for that first year but you still want to calculate maintenance costs in from the beginning.We have sold some of our older SFR's here in California and purchased new construction in Texas.