Something good to keep in mind too is to keep a contingency in your budgets to ensure you've always got enough funded for the rehabs.Once you get a few under your belt then your LTV's will be higher and your rates will be lower.

the rents can be brought up to market value maybe of $5200 but that doesn't make sense eitherYes I will message you 

The cap rate will depend on the market the property is in.

If you are lucky, it will cover all your costs related to the property (bank rate etc.).In Germany, real estate is a long term investment where usually the biggest gains (depending on region) come from appreciation.

This guy will stay on and help me manage, and run the rentals as part of the final sale.

The second issue will be getting the zoning changed from single-family to multifamily.

Hello BP members,I live in Miami and I'm considering purchasing a long-term rental property in Orlando that will generate positive cash flow.

I will keep you updated on my progress  

Parts required and it will be a week to get fixed.

How will you know?