My Orange Co rental rented for $2750/mo.The three Charleston SFR's total $4900 /mo.The last purchase was for an 1800 SF end unit town home for $135k and rent of $1450/mo & No HOA.This gives you an 12% CoC with after a 20% down mortgage.The OC unit was a 1500SF end unit condo with HOA of $275/mo and a community Assoc of $35/moAll that said...I think what you missing is that is you were to get a 20% down mortgage on your property,Your investment drops to 125k +say 10k closing = 135k  Then the 1900/mo yields a 16.9% CoC  Which sounds much better right?  

Brian G. your best option at this point might be to find someone to co-sign or a partnership to go in with.

@Jim JackSometimes I get it on the phone from seller and sometimes in person, I get the seller on the phone with mortgage co for payoff, and look at PITI on loan book when they mail in mortgage payment

.: 783# of Bedrooms: 2# of Full Baths: 1Financing, Location DetailsFinances & TaxesHas CC&RsParking & Garage# of Covered Spaces: 2Less than 1 Space/Unit, CarportBuilding InformationWood ConstructionStucco ExteriorShake Roofhttps://www.redfin.com/CA/Modesto/816-Colorado-Ave-95351/home/19971263

Maybe...It would likely happen at a lesser extent than CA or Denver...the sand states....and then leak into the stronger growing markets like Memphis...possibly.

We live in Colorado Springs, CO. 

Account Closed  I've actually gone thru this process with a tenant induced fire in an upper unit and water damage to the lower.The insurance co made a settlement with ME. 

Hey guys,So I've been in the mortgage industry for five years and about a year ago a co-worker told me about how he has four multi family properties that cash flow over $500 a month after all mortgages and management expenses.

I recommend giving a few days grace period ( your mortgage co gives you grace so show them grace) then whatever that is then send out late notices, if that does not get them to pay send a 3 day quit notice (this starts your process of eviction).  

Other share (50%) was owned by owners sister until she passed a few years ago, at which point the attorney at that time was given a part of the stake by previous co-owner (this is still in question as there was no will documenting this )C.