I will probably want to refinance at least 80% of that into something fixed at some point to hedge against rates going up.Monthly costs:* debt service = $441 (141,000 *0.0375/12)* insurance = 78 (quote from Geico)* HOA: 860* taxes: $149 (it's $894 each per year)* repairs: $100 (I'm estimating a little less than with an SFR because with a condo I don't worry about the roof, the hot water heater, landscaping, etc.)total: 1628Monthly income: $2660 (1410+1250)Net: 1032Cap rate = 8.7% (1032*12/141000)Things I didn't include: closing costs, vacancy.

@Bijal Patel nice to meet you, please send me a direct message, would like to find out some more information, thanks! 

What you could do is, if everyone meet deadlines, meet man-hour limits, then if ever it's better, structure a pay bonus.

There needs to be separation between all of the units for the the three things you mentioned - AC, heat and hot water. 

Think about your goals and find a strategy that allows you to meet them.

Neighborhoods get hot , they begin to gentrify. 

Do you attend any of the reia meetings

Nice to meet you! 

We don't spend more than 750 hours on the retail business, so we meet the requirements. 

The housing supply in the Triangle market does not meet the demand.