There are a lot of bad Realtors and there are great ones, too.

just a two foot section where there was a bad clog?

Overall we spent $39,000 and had around $38,000 budgeted, so a little overbudget, but not too bad.

I paid 112K for the 2/1 3.5yrs ago (now worth 175KCheryl i would say those numbers are so bad, however i do not know the expenses.

I guess it's true that anyone wanting to rent a room or a roommate has issues-- a record, a large dog, bad credit-- something that makes it harder for them to find their own place.

There are numerous posts on this site about PMs - the good, bad as well as the ugly ones.

The cash on cash return is as follows:13308 (Net Profit) / 66700 = ~ 20% Cash on Cash Return, assuming same rents.Not bad.

Working on OP numbers.Rent $1150Expenses 50% = $575Hoa fees = $300Debt service = $375Is a loss of $100/month.Now, OP doesn't state whether his debt service is PI or PITI, I calculated PI, if it does include TI, then numbers don't look as bad.

Of course, there's also the Nigerians, but they're easy to spot due to the badly written proposals that usually come with offers of 2% financing, lol.I don't know how people fall for these scams, but like anything, there are people who are so desperate for money that they'll unfortunately take a chance on the slim-to-none option versus no option at all.

IMO, land contracts are just a bad idea.