By our figures from the other 25 rentals we have in the area, we should each be able to make a 9-13% return over the long run when figuring cash flow, loan paydown, and 2-3% property apreciation on average.

However, I don't think the return on this kind of project will be worth it to a lot of people. you never know until you ask though

Make sure it is Certified,  Send it to their last known address, with a return receipt if it comes back to you, you MUST keep it for legal purposes. 

Cash on cash return is not worth the effort at all.  

I can go over what we have done and why as well as going over the different tax impacts (not an impact on taxes so much as on the type of return you might or might not have.) 

Hi Vincent,Great job looking for those types of returns.

Since a security deposit is calculated in what is owned / returned, I would want to be very careful.

I was speaking with a multi-billion $ institutional investor's COO several weeks ago and they said when they went to Wall Street to raise money, every banker wanted to know how much of their portfolio was based in Atlanta...meaning, Wall Street knows that Atlanta is a very stable and quality location to own in and while return may be lower than other higher risk areas, it is a quality area and top of the bell curve in most return and risk respects. 

Purchase price - $242500Estimated rehab costs - 5kARV - 285kMortgage PITI - $1376HELOC payment - $390Rental income - $2600Cash flow (Prior to refi) - $734 Cash on cash return - 15%I need to fix up one unit as it is very outdated, the other unit is already remodeled.

Figure out what kind of returns you want and then start messing around in the BP calculators.