You don’t have 2 years of payment history, another negative.  

How do you explain the concept of the mortgage staying in their name to a homeowner in a way that is transparent but doesn't scare them off?

Then add maintenance/cap ex, vacancy, pm, bookkeeping/accounting, asset protections, etc..This property has large negative cash flow.

Chris,What are you looking to finance or accomplish I ask because with a quick Yelp review there are some negative reviews.

If you can get even 3-4 of those units to market rate over 18-24 months, you're not looking at negative cash flow anymore.

High volume doesn't equal high returns here.Livonia — something unusual is happening* $179,000, +$198/mo, 5.8% CoC* Livonia is a B/B+ suburb where I normally see breakeven or slight negative.

@Finnegan McDonnellHi Finnegan,I would recommend one thing you check out is the concept of "Return on Equity."  

There’s also an old mine on the property, which we initially thought was incredibly cool (still do… we just don’t exactly know what to do with it).Our original vision was pretty ambitious (and maybe a little romantic):We imagined building out a glamping-style experience with unique overnight stays, stargazing, and even some kind of “night golf” concept integrated into the terrain.

The Fund of Funds is a concept I want to dig into.

I am also using some creative ways like business line of credit (bank charing 16% interest on 2 year load for 40k) for down payment which makes my numbers much tight and negative to begin with.