There quite a few people here on BP who operate in this price range.

Hi, I need help analyzing a rental property.Sale price is $795,000.building has updated/renovated exterior + interior 3 out of 6 units, has separate meters + coin operated laundry room.Tenants 5 out of 6 is month to month.location is very good.the calculation on the calculator is with zero down, Please take a look at my calculations to see if I am missing anything, my first rental Property calculation.Tank you!

@Ashish AcharyaGive me a shout post 4/15.Right now I generally get on BP in-between clients to de-stress a little.Not a good time to get into a debate and dive into code sections.Perhaps my most recent example was too hasty reviewing the regs right now...The "-3" reg defines structural components by reference to Treas Reg Sec 1.48-1.The term “structural components” includes such parts of a building as walls, partitions, floors, and ceilings, as well as any permanent coverings therefor such as paneling or tiling; windows and doors; all components (whether in, on, or adjacent to the building) of a central air conditioning or heating system, including motors, compressors, pipes and ducts; plumbing and plumbing fixtures, such as sinks and bathtubs; electric wiring and lighting fixtures; chimneys; stairs, escalators, and elevators, including all components thereof; sprinkler systems; fire escapes; and other components relating to the operation or maintenance of a building.We know that a building and building structures are a single unit of property.  

If you find a good deal experienced operators will partner with you.  

You still need to learn what is it about, how they operate, and  then chose the operators, and the deals.

On mom & pop operations, distance is key IMO.

Firstly, I know I’m allowed to be a majority partner in a brokerage as long as I don’t engage in daily or company operations.

If the walls you want to remove are not load bearing, you don't need a structural engineer for this project.

@Chad TysonWow that's a boat load of cost for an investment property especially for where you are (only one under your belt). 

You increased your debt load, increase your risk, and it appears you will have negative cash flow?