@Jerryll Noorden That is a national estimate.We deal with some of the most active wholesalers / investors in this city and others and the most successful ones are not using the internet to find sellers... they are using the telephone.You're leaving a lot of meat on the bone relying only upon the internet to find sellers in some markets.

DO NOT BUY. your expected costs will be even higher, you've left of closing costs and repairs will certainly be more than 1000 dollars. unless there is another angle this property does not have enough meat on the bones to weather an extended vacancy or large capital requirement (like a roof). if this is the property you want, you'll need a much better price. 

Too much meat on the bone to walk, but the windmill was iconic to the ambiance of the property. 

The initial thought was a 70/30 split (me at 30) - investor funding all the cash ($250k) while I do all the work.

With a 10% capex and 8% vacancy, that puts me at $600/monthly income and just under 9% Cash on cash return.

I've owned a rental once before but decided that wasn't for me... At

Hi everyone,So I always here about people buying properties in these giant metropolitan areas, but that’s not in the cards for me at the moment since the price skyrockets when you get into these areas.

He took pictures and sent them to me at my request.

Once the note is off and the property taxes are updated, this will cut into my cash flow and put me at about a 0% CoC return.

I'm looking for some advise/suggestions regarding building the relationships/teams with boots on the ground in OOS markets.I'm a real estate Broker here in Southern California and investing in my own backyard is just not an option for me at this time.