You will also need to get rid of the tenant that has caused the problem in the first place otherwise they will continue to return. 

Hi folks - I am looking to make an investment in a long term buy to rent, looking at around the $200-250k purchase price mark , ideally a lower mtce townhouse, or condo, and looking for capital growth and solid returns with young professional tenants.

Please let me know if your interested in helping someone that will definitely return the favor in any way I can.

Your return on investment likely would be better.

The new owner would have to agree to a new first right of refusal (and would want something in return-- $$)

And is that the reason that finding deals that cash flow at double digit returns get harder and harder to find?

I have asked the agent if the owner can provide tax returns.

Took some sweat equity and about 12K of material, but it sure is nice to be yielding those returns!

I looked into some turnkey properties as I’m investing out of state (the Boston market is a tough one) and some of the tk providers gave me numbers that looked fantastic and were similar to the ones your showed...but as soon as I plugged in the other expenses, I was looking at a cash return of 3%!

I agree with Chris that your Cash-on-Cash per year return is more relevant than how many exact dollars it is per month. eg.