But look at what hard money cost on an annual basis and how much its taking from you. 

Junipero ave Palm Springs, ca 3/3 private white pebble Tec pool/Spa listed $560,000 VR quoted $50,000 to $60,000 gross annual!

Building 1 : 6 Units ( 5 2BR + 1 1 BR), Purchase Price: 120K, Rehab: 100KRental Income: 55K Annual, Taxes: 10.5K, Ins: 2.5K, Utlities: 12K, Vacancy/Reserve/Maintenance: 5% each, Property Mgmt: 8%(about 12K) Operating Expenses: 37KGross Operating Income without Debt Service 18K, Cap Rate: 8%Net Operating Income with Debt Service: 6K, CoC Return - 11%Net Cash Flow Per Unit Per Month: $80/month2.

Then using your goal, you can calculate the estimated annual growth rate and you can see who the goal will fit.

How are the annual premiums?

Purchase Price: $710,000 +/-Units: 12 (All 850 SF 2 bed / 1 Bath units)Current Monthly Rent: $9,300/mo (There seems to be room to push this to at least $9,700)Annual Rent: $111,600 + other income $905Vacancy: 5% (Property is currently 100% occupied with strong occupancy history)Effective Gross Income: $106,925Taxes: $9453Insurance: $6588Management: 5% (will be partially self managed) $5,079Utilities: $6,302 (only common area electric and electric heat, all other separately metered)Septic: $1,000Repairs/Maint.: $16,450Marketing/Promotion: $1,431Trash: $1,961Supplies: $1,579Water Testing: $3,177Misc: $350Total Expenses: $53,370NOI: $53,555Cap Rate: ~ 7.5%Cash on Cash: ~12% (based on 20% down and 30 year am at 5% - still finalizing loan terms so subject to change)DSCR: 1.46x50% Rule ($/unit/mo): $117.171% Rule: 1.31%GRM: 6.36Debt Yield: 9.55% (based on 20% down)Property is in overall good condition but could use some upgrading. 

Mainly it's that some commission jobs are similar to self-employment in that the income varies (seasonally or annually) and it's reliant on the person's drive/skillset.

 $500 to setup and $500-520 annually to maintain it (This is only registration fees, doesn't include any legal work to actually draft documents if you want to make sure that is done right, aka making sure you might actually get some protection).  

@ken, What do u average on an annualized basis with something like a 4pts /13%?

“I am willing to pay you a 14% annual return paid in monthly interest only payments.