Rents have plummeted since the oil field took so many job casualties, so once everything returns to homeostasis I would reckon the gross potential rent would come back up as well.

You have an HOA which is an uncontrolled cost, high property tax, and give 8-10 percent of gross rent to your pm.

The ROI on the cash flow alone would be 30%-80%+/year if you could actually get a property at over 1.5%...Here is some basic math on how the ROI works:Ex/Deal #1) -$100k PP, $20k down/invested-Loan payment and all monthly payments excluding utilities =$500-$600/month-Gross Rent =$1250-$1750/month (@1.25-1.75%)-Net Cash Flow =$650-$1250/month =$7.8k-$15k/year on $20k Investment =40%-75% Yearly ROI in just Cash Flow

It's a 40 min drive to do a showing, so I ask when they want to move in (I need someone ASAP), how many adults (Boulder limits to 3 unrelateds), then I say min requirements are gross income > 3x rent, min credit score 650, no evictions, etc.3.

Damon, 50, ranks as one of the highest-grossing actors of all time.

The cost of this is not included in the $100k rehab estimate.I think the 2/1 units can pull in $550 each and the 1/1 units can pull in $500 for $4,200 in gross rents per month.I'm trying to figure out how to purchase and rehab these.

For example, my company require 600 credit score, 3x gross monthly rent, clean rental history.

I set a goal back in 2015 to hit 500k in gross income, have not hit that goal yet, but still shooting for it. 

Okay, part of that made sense and then you lost me.Originally posted by @Dave Toelkes:"If your rental expenses completely offset your rental income, giving you a net taxable rental income of zero"-This is a true, my rental expenses will be more than my gross rental income."

Gross rent at $177K, and asking price of $2.9M....What is your opinion and experience with this type of investment?