If you use OPM there is a cost-of-capital, if you use your own money there is lost opportunity cost ... you could have invested it elsewhere and made a return (hml for example).

Add that to your $488 taxes, insurance and utilities, and you have $885.5 as total expenses.This makes your NOI as $439.5 (that's income before debt service).If you get a 30-yr loan at 5% interest, your debt service is $316.19 per month, leaving you a cashflow of $123.31.It's not spectacular but if you calculate the Cash on cash return, that's a very good 24%.

Example owning a SFR house where the tenant might call you for a clogged toilet at 10 p.m. after you have worked a hard day at your profession and are exhausted.ORThere are other methods which allow you to be more hands off but the returns vary and the amount of cash to get started does as well.

I wanted a 18% p.a. return & a NNN lease, so t's been a goldmine.

So I have 2 friends with money and we've put together a pretty good plan for building a buy and hold business and them getting safer, secured returns on their money.

Any smart investor recognizes a broker that is an investor themselves wants to get the highest return on investment.

I'm losing the appreciation but it's still a nice return and less of a headache.

Do some research and find out where you can SAFELY get the %ROI return you want.

It would appear that putting money into the place in terms of flooring, new kitchens/baths, or the like at this juncture wouldn't yield much return so I think you are wise to keep your repair costs low.

If you're looking for the best returns and don't mind doing work yourself, turn-key probably isn't your best bet.Basically, it's an apples to oranges comparison...