@Colin J Kavanagh So you ran capex and repair budgets and it came to $85 per month for each. Seems low. I use 8% vacancy, 5% repairs and 10% capex. Vacancy of 3% is the same as a turnover every 33 1/3 months. Banks will underwrite at 5%. Just googled interest rates and it showed 6.7% for 30 years term. Go down and look at the 50% rule and it shows you will lose $160 per month.