Profitability in the Downtown/Midtown areas

[Tommy Ricketts]

Hello Omaha Investors,

I have recently been looking into investing in rental properties in the Omaha market in areas around downtown and midtown. When I do the math on potential opportunities, almost every property I come across appears unfruitful. The impression that I am getting from many properties in the area is that they are often priced high relative to their potential operating income. When I account for taxes, vacancy, and management expenses on top of maintenance and upkeep, I'm wondering how many landlords are able to actually profit well from their properties using reasonable financial estimates. I'm sure everyone's experience here will speak much louder than my personal experience, so I am wondering... how profitable do you find properties in the area to be?