Its too low to be able to underwrite for a standard property.

Convinced the seller to do a contract for deed with a low down payment and a year and a half later I refinanced so that my name is on the property.

Hey @Alexander Spira , I would take a look at your analysis, the expenses seem low with roughly 20% ($10k) expenses on $48k of gross income.

The potential rent on th eproperty is too low to generate positive cash flow.

Also is it true that I can make up the low yield by growing the rental units thru refinancing as total income or asset value increases?

., low down, long term, low interest rate) on a property that is owned by an LLC I control, then probably not. 

They seem low.  

The areas south and also east of the Intel campus offer great areas with low crime, good schools, shopping, restaurants and newer homes.The newer homes will reduce your need to do major improvements for years on many of the properties.As a Broker and a Property Manager, we see many doing just what you are requesting and having long-term success.

The questions you ask indicate very low level of working knowledge in this space.

Below are my numbers.Purchase price: 80kDown Payment: 16kClosing costs: 2kAnticipated Rent: $1150ExpensesVacancy: $50 (some might say low, based on my experience, I think this is reasonable)Insurance: $20 (I have a separate umbrella)HOA: $197 (well run association with decent reserves)Repairs/Capex: $100 (I don't have a ton of experience, but I think this would be attainable.