Baltimore City cash flow properties

[Pierre Streat]

Hello All,

Are there any cash flow focused investors out there who primarily invest in Baltimore City by any chance? Anyone find anything that fits the 2% rule? I recently  came across a multi fam with an monthly rents/purchase price of 1.197% but would like to get something close to 2%. This property is relatively turn key but could use some updates ($30k) in order to charge at full potential market rents. It currently churns(as is ) slightly over 6% cash on cash net after 10% property management fees. Where can I find those properties that are 10% cash on cash even after property management fees? Are there any fixer upper opportunities in decent neighborhoods where I can find this? I would like to try to avoid Section 8 as well as mixed use properties since this will be my first purchase in B City. Thoughts and advice are greatly appreciated.