Keith, the quick math I like to use is figure out what valuation multiple a given cap rate is, so if deals trade for ~8% cap rates in markets you review, that's 12.5x, 9% is ~11 x, etc..

Review their management agreement.

Positive cash flow What made you interested in investing in this type of deal?

I just got a position with a management company and we handle 2200 units in Tennessee.

@Samir Abrahani, I have yet to try any of these guys out, but they have good reviews from others here on bp.

Hello everyone,I have been put in a rather unique position and would love to pick the brains of some seasoned veterans here.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I am quickly realizing it's difficult to find 1) properties which meet the 1% test, and 2) properties which cash flow positive from year 1 (unless we increase our down payment from 3.5% to something much higher).I would like to get two pieces of advice from the Bigger Pockets community in Massachusetts.

View report*This link comes directly from our calculators, based on information input by the member who posted.

@ToRena Webb-Thomas I agree with @Karen Rittenhouse that you are failing as a Landlord.When you made an offer to purchase the property, you should have received a copy of the lease for review so you know exactly what you were buying.