After 1 or 2 I would be in much better cash position to start a more normal cash down payment scenario.

Personally, I like to have $100 per unit per month positive cash flow.Good Luck,Mike

Its all about position power...Good luckMichael Quarles

Every property must stand on its own and every property MUST have a positive cash flow of at least $100 per unit per month.

A rental property should have a positive cash flow.

The 2% "rule" is just a screening tool that says a residential rental property must generate a monthly rent of about 2% of the purchase price if it is to have an acceptable positive cash flow.

Welcome to the boards, I am positive you will find them helpful, as I am sure you will help others here as well!

Don't forget to add in all the items that everyone leaves out of their APOD when they are marketing their property (management cost, repairs, professional fees, etc) With a 12 unit depending on what your business plan is shoot for $800-$1200/month positive cash flow.

Hi-I have a replacement vinyl window that will not 'lock' in the open position.

You should have your own written or at least reviewed by an attorney so you are protected.Should there be a problem, the attorney that wrote or reviewed them will be in a much better position to defend you.