If so, ideally you would be able to pull out all of your funds, perhaps a profit, leave 20+ % equity, and still have the deal cash flow nicely.

@Christian Whitehead the lease terms will dictate, so read them carefully...and your state landlord-tenant laws will specify what to do....looks like you have a few city ordinances as well...so review those as well.In general, if they are truly month to month...you, as the property owner can simply elect to not renew the lease...I typically give 30-60 days and if it may turn ugly, offer cash for keys...$500 to the tenant after they are out and the unit is clean.Good luck! 

In Texas, it is easier to cash flow positive, so essentially if you buy a property the provides good cash flow but the price of the property stagnates over time, your still able to make a profit due to the positive cash flow.  

Income:$3,800 Gross Monthly Rent CollectedExpenses:Management $380 (10%)CapEx $228 (6%)Repairs $150 (4%)Vacancy $304 (8%)Wind/Hail $200 (5%)Property Taxes $200 (5%)P&I: $1,900 (50%)NET PROFIT = $450-500/MonthCash on Cash ROI: 8%LOAN DETAILS:Purchase Price: $350,000Downpayment: $70,000 (20%)Amortized Over: 20 YearsLoan Interest Rate: 5%Income-Expense Ratio: 1.08%Gross Rent Multiplier: 7.68

There’s a guy on here that rehabbed one like yours and flipped it for several hundred thousand in profit .

You could team up with a successful wholesaler from a different area and have them invest the time/money in marketing to get leads in your area, then you follow up on the incoming leads and split the assignment/whatever profit you make with the wholesaler.

The reason is you may disqualify a deal from certain securities exemptions/investors by simply sharing it with the wrong people. 

It was very profitable.

The numbers simply don't scale.

That's an awesome profit Chuck.