The home appraised last year for 2.1m, currently on the market for 1.98.

I have been doing biz in the clev, markets for 10 years, 100s and 100s and 100s of deals, NEVER ONE in SH.

Found this deal on market & we negotiated normally.

I see that your location is Hawaii, I'm guessing the short term rental market is awesome there, so perhaps you could be an in person, boots on the ground for investors on that front.

Consider factors like flight convenience, property management options, and your comfort level with the local market conditions.

(with conservative assumptions on annual appreciation - 2%, and annual rent increase - 1%, as well as 5% vacancy/maintenance).I see so many people say they only go for properties with at least 15% cash on cash returns, which seems extremely difficult in this market

I just wanna make sure I’m marketing myself And making connections and doing all the right stuff.

The markets regain sanity… I will be able to two properties to rehab with cash.. and have cash reserves… and equity…and cash flow.Possibly from the people who bought from the snake oil guy.I don’t mean to sound rude….

The house is sitting on the market under the R-2 Zoning code as a single-family house not as 2 o 3 units.

The market rent puts all three together at approximately $2900 monthly.Costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP.