Given my current capital/time/ability I am looking to possibly cash purchase a mix of low cost SFRs and multis (10 units or so total) in my home town Cincinnati area with cap rates in the 12 range.

I did some calculations as an example.Interest $6000 = $1800 returnDepreciation (note 1) $4800 = $1440 returnRent cash flow = $1920.for a total of $5160/yearThis looks like enough to keep you from bleeding if it's going to be a rental.Note 1: If you depreciate, you will have to pay this back if you sell the property later on.

Let's also say that you in 15 of those sessions, you win $50K total.

(totally not worried about that but want to be covered, just in case).Lastly, does that sound right about the insurance?

BTW, when I say Las Vegas, I forgot to mention, Henderson & Boulder City.

Total newbie here.

Total ROI at about 23%.

The first loan is at 6.75% and is for $210k with the payment being $1,675 and the second loan is at 9.75% and is for $52k with the payment being $475 for a total monthly payment of $2,150, yet rent is only $1,995 so I am negative $155 every month.

If that's the case, it's totally possible.

However, since it's a smaller city, would I have less competition for real estate or would it balance out since there's less real estate total as well?