High paying local jobs.Monthly cash flow: $306 /moIncome:  $2,250 /moExpenses:  $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91%   Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses  $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06% 

. $50M of them and our hit rate (what we close on), is typically around 10%.

Obviously he has tried the best thing and that is to sell.

I suspect you have a sick rate on it, so it might not make sense if it was double what you already have.

Best of luck investing! 

Owner having a hard time selling, we wouldn't mind owning, esp for Short term rental purposes.Owner owes $249k.We would like to use very little cash, maybe higher interest rate for the seller, balloon in 5 years should interest rates come down.Anyone had success or any ideas you could share?

My question is, for the unit I am moving out of, what’s the best company to use for online applications, tenant screening, background checks, credit pull, etc. ?

On paper Reno is the best fit.

Hello fellow investorsIs buying a negative cashflow deal good if the IRR (Internal Rate of Return) and Cap rate are decent?

Best wishes