@Brie Schmidt Exactly my point.

Do you know how old they are and what condition they are in?  

If we brought the property to market (for current condition) it would be 5 - 7% COC returns ($600 - $800/mo).

DON'T LISTEN TO PEOPLE ON HERE UNLESS THEY ARE FAMILIAR AND HAVE EXPERTISE IN YOUR EXACT AREA OF INQUIRY IN YOUR JURISDICTION.

I also add a 5-15% contingency depending on House age and condition when bought.- create a project plan and STICK TO IT.

I like CapEx at 10% until I have the property inspected to determine the current condition and life expectancy of all major components and appliances.  

Based solely on the numbers, not knowing location or exact condition of the property, It is tough to say yes or no.

Just post it to reflect the condition.

What exactly were you looking for product wise and what rates did they quote you?

All at same exact dollar amount and even a copy of the outgoing check.Then I had to write another letter explaining why I had a 10k withdraw and what it was for..... even though it was covered.Then they found my 5/mo withdraw for ING direct (online savings)... had to write another letter explaining it was a savings account and why I didn't send them staments.