You have to be very poor and/or have medical ailments, which they do, to get it.They can come up with the security deposit and extra security deposits for each dog.   

Part of that $40k may need to be used for living/medical expenses etc.

The rental prices are high and people like the location close to the medical center and 410 and I-10.

He was a motivated seller that needed money for medical bills for his wife.

Now upstairs, there is a 3 bedroom condo which is renting for 1200, while her medical office rents for 1700.

Always give yourself a good exit, one your can exercise at anytime.

If this is just an exercise to learn how to run numbers, I would suggest finding a different property.

Now you do need to account for the current collections and back that out of the equation but this exercise should help I hope. 

I am a 60 year old medical professional and am trying to get my 20 and 22 year old children turned onto BP as well.We want to step away from the Turn Key seller but being out of state we need to put a trusted team together in Indy.

Aiming for the traveling medical professional demographic.