I get more use out of big data in other investment categories, which provides a nice baseline for the kind of returns I should expect on real estate, before it's too much effort.Granted, there are a million opportunities out there.

I get complaints constantly about how quickly and easily the tenants damage the walls with minor scuffs and fingerprints, pretty much right from the day they move in. 

What you need to take into account is your cash on cash return. 3.5% down payment on 300k purchase price Closing costsRehab moneyMonthly mortgage -rental incomeRefinance costsPlus if you refinance in like 3-5 years the market may be down and you wouldn’t be able to refinance and pull out the $50,000 to pay off your second.

@Andreas Thuresson If it’s an investment only then you have to weigh buying in a stable area with lower returns or a more risky or developing area with higher returns.

If you'd be willing to help me, I would appreciate it and please let me know what I can do for you in return.

I’d also want a higher cash on cash return.

After cost of money, closing, real estate commissions on the back end,holding costs etc you could easily be all in at 130 or 140.

I recently returned to the Madison area after having done some business in Southern Africa.

I don't know if the odor returns later because we literally cleaned the crap out of the place.

Especially for a front-ended note with a conservative LTV.That said, how would I DECREASE the note buyer's return to a more reasonable 12% or so?