A lot of wholesalers fail at this because what they think is a good deal turns out not to.This is a great point and goes along with what I ahve preached in numerous wholesale threads.

We had to do a 3 day eviction to get paid for August, they have damaged numerous areas of the unit, they have threatened us in front of the police, the list goes on and on.

There are numerous options that must be considered and many costly mistakes that need to be avoided.

I lived in subdivisions where I had built numerous homes for people and I would have no issue living next to one of my rentals.

Also note that the annual ROI will constantly change on a financed purchase as the numerator will be different for every 12 month period you look at.Cash on Cash return (CoC) = cash flow / cash into the investment- Using the above numbers again for a cash purchase it is easy.CoC = $6/$100K = 6% (Same as the ROI)Using the financed example we'd figure out the annual cash flow by taking the monthly ROI of $500 less the monthly mortgage payment of $362.35 to get a monthly cash flow of $137.65 multiplied by 12 to get an annual number of $1651.80.

I decided after reading numerous other postings that it would be good to introduce myself as well.So, i'm slowely getting into the game of real estate investing.

I was astounded when Irma, now dead almost 100 years was able to play one if my favorite songs from Talking Heads, 'Burning Down the House'.That's one smart ghost!

Everything is clean neat and organized, I have money in all my categories and have money saved up for all numerous expenses, monthly/yearly/savings/emergency funds/upgrades/repairs/deposits etc.

@Kedrick Thornton: There are numerous security options, but as with car theft, the only real goal is to create enough of a deterrent that sends thieves looking for easier targets. 

I picked it up for a song when looking for commercial as my bandwidth managing residential is getting stretch with my day job commitments.