The closer you get to Cleveland heading east toward 117th, the cheaper things get and crime is generally perceived to be higher.

And even if I am able to borrow, the rate of HELOC is much higher than a traditional mortgage, I would want to refinance to a traditional loan.

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.