Also researching Nationwide as CAP % is obviously much higher in certain areas of the country.

Brandon, I'm looking for a single family home around $50,000 with a CAP rate of 10% that's close to my house.

I was a full time college student which made splitting my time between work and school difficult however, my situation called for me to do more than the college part time jobs that my peers were comfortable with.

I am leaving in the morning for Florida and will be out of town for the next 11 days which is most of the deadline so it will be a little difficult to arrange the work to be done.Any suggestions?

Its just about break even, which just shows you have far off that 2% rule is.Purchase price:$200,000 Rehab cost:$0 Rent:$1,650 Exp, vacancy, capital %:50%Loan rate:4.50%Loan term:30Down payment %:20%Down payment:$40,000 Loan amount:$160,000 P&I payment:$810.70 Expenses, vacancy, capital:$825 Net Operating Income:$825 monthly cash flow:$14.30 annual cash flow:$171.64 total investment:$40,000 Cash on cash return:0.43%Cap Rate4.95%Is that a good deal?

With management fees and $300 a unit a year for upkeep, I calculate a 8% cap rate (assuming full asking price).

Without the construction type or square footage and volume of the space it is difficult to provide a useful estimate.Hope this helps without scaring the beegeezus out of you.

Thus, making it more difficult on them.The solution is to work with them.

They were not at all happy with that.Long story short, the guy made a threatening remark to the PM today and so the management company just advised me that they are unable to effectively manage this situation and are pretty much hanging us out to dry with a very difficult tenant.

So it would be an 8 cap at that price, already rented out.