Granted those houses were in locations with a higher market potential, which allowed for the spending of money on things like the fireplace.Guess i will just have to open up some walls and see what happens.Thanks for the advice

NOI is your gross rent minus all your expenses except debt service.Commercial financing will have a higher interest rate and usually be locked for 5-10 years with 20-25 amortization.

The easy, but unfair, commentary would be to say that the barrier to entry is simply much higher with syndications, and you simply get better people.

I will be getting prequalified soon so I'm assuming the interest rate would be higher.

Everywhere else gets either vinyl or tile because they are higher traffic. 

Considering you're paying $650 right now, I would look for a cheaper house, or something you can rent out for a higher amount. 

Or sell the pretty pictures in the brochures -- not sure how he's doing it, but he's showing those new houses on his FB page on a pretty regular basis.I was also surprised to learn from some BP friends over in Beaumont that they are getting higher returns on their rentals than we are. 

A comparable SFR in the same area would cost more than 2 times what I paid for the townhouse and I would have higher expenses, taxes and insurance. 

I have been doing it for 4 years now, it is not a great source of income, more work, some of them are demanding, but better than having a vacancy.If you are not responsive, you might have vacancy.I basically charge little higher and make them pay one rent everything included.Provide everything except cable.

They could achieve higher returns mortgaged to the maximum on a 30yr with their cash in a income fund than sitting dead in real estate.