The cash on cash comes out at 13%, taking into account vacancies, maintenance, HOA ect (I used very conservative numbers).

The cash on cash comes out at 13%, taking into account vacancies, maintenance, HOA ect (I used very conservative numbers).

We have an idea to target a specific group of maintenance workers who regularly travel to several different locations around the country for 3-12 months of the year.

Closed the other day on a bank owned property. I have read and been told different things about unpaid HOA fees from the previous owner. Anyone know where I can find the info for Florida? 

It was well taken care of and maintenance was up-to-date.

I am curious to know what folks in the area are using for maintenance and capex numbers. 

Maintenance will likely be about the same.

The rental numbers I am seeing for like properties near this neighborhood are 700-750 each which setting aside 10/5/5/10 for vac,capex,mainten,and management would still cash flow around 180 total on both properties.

I work in the property management business for 10 years, and I never understood the idea behind maintenance men doing the work that requires some degree of specialized skill.

Total Purchase price = 500kGross rents = 102k/annually (when fully occupied)My main question is this:Should we go for a loan through a bank (commercial mortgage w/20% down) or a private/hard money lender?