., the majority of closing costs aren't actual costs; they're just pre-paying insurance and taxes.

I'll obviously ask if there are any big issues he knows about (I believe it's in his best interest to disclose since if we go to contract, he'd have to legally sign saying he's unaware of any major issues).

@Brandon EllisThere are major limitations in coverage under the Federal Flood Insurance program that may affect your decision. 

. - White goods are usually a tenant's responsibility- Most repairs are a tenant's responsibility with major structural issues being the owner's responsibility.

In exchange, he signs a new note and deed of trust with the exact same terms as what is remaining on the CD.Btw, speaking only Spanish in most of Texas is no disadvantage when it comes to buying real property as every title company has Spanish speaking personnel and every major real estate and mortgage broker does as well.  

In 2019, is it unrealistic to get a CoC return over 10% for a property in Orlando market that does not need major rehab?

In 2019, is it unrealistic to get a CoC return over 10% for a property in Orlando market that does not need major rehab?

IF we are talking about a  major MSA.. if its some little 5k population city hour away Maybe.. but then the tenants wont trash it they just don't have enough money to pay rent consistently.  

At some point, you price out the majority of people.

The majority are saying the same that @Brian Ploszay shared about it really not being that bad if it's capped 7% and CPI adjusted.