@Kyle Root Your expenses are not enough. You only have 6% for repairs and vacancy. I use 8% for vacancy 1 month out 12. Repairs of 5% and capex of 10%. No property management. Capital expenditures: example floors 1000 sf @ $6 sf = $6000 / 8 year life span /12 months = $62 per month. You have to account for roof, hvac, hot water heater, cabinets, etc Don't think this will cash flow after you change the numbers.