Most of the PMs working in the area are taking a 30 to 50% cut.

No major repairs so far or vacancy so far, but if there was one it would cut the cashflow significantly. 

But possibly what your paying for in the vity you mine as well get a house in Monticello or Monroe, possibly even Goshen and cut your expenses and travel time, on top of being able to gain more space.

I'm looking at buying a property with cash where the utilities are cut off .

I have a great realtor in Arkansas that is helping even in other states even though he won't get a cut.

I am being told i cannot cut off water or power.

We also cut the insurance bill in half without losing any coverage and lowered the water bill by $10 a unit installing water efficient toilets, shower heads and faucets.

I'm currently a Business Development Manager for a software company and am interested in networking with local investors.I bought my first property in Lakewood when I was 22 as my primary residence and later on decided to rent it out to a tenant to cut expenses and build wealth faster.

Is the home offering typical long-term rental look/feel/amenities, or is there something a cut above on offer?

@Steve OrluskiWe have 20 year amortization loan which cuts down cash flow.Even with that, we are at 4% cash on cash with current rents which are generally $50 to $75 below market, Day One.Given Covid issues, we will proceed cautiously on rent increases.By year 2, we will have rents on all units to CURRENT MARKET VALUE and cash flow will go above 6%.From there, we will improve units and increase rents nicely,Median HHI income is $80,000 with few apartments.