With $145,000 in equity, opportunity value of 10% minimum, your equity is eating $1200/month off of your rental income before even calculating any other expenses.

Also owner finance is a different animal than conventional.

There is the old saying "how do you eat an elephant" ... bite by bite.

Yes, it eats into your profits but a good manager will be doing a lot of work for you. 

Sounds like you should request that your broker eats the cost on this one, ask the buyers agent to reduce to 1.5%, and remove the paying for repairs or closing costs.

I'd eat pb&j and ride a bike every day before I went back to trying to keep up with my broke friends.

Additionally, some landlords have benefited from including a clause that explains what would happen if an unauthorized pet is found in the apartment.Example: “A fee of $500 is due immediately or at landlord’s discretion for having a non-authorized animal on the premise at the time of occurrence.

We can't have our cake and eat it to.Those looking for a hassle free option should expect to pay for the service they are receiving.  

The taxes are going to eat up a lot of your income.

Everyone is doing well and everyone is eating and our teams are only getting bigger (each one of the 5 of us has one or two underneath us, constantly growing).