Those rents look realistic for the area and the spread between total rent and expenses gives you enough cushion to handle a vacancy or a repair without instantly sinking the deal.

Currently my portfolio is a single family residence in Denver CO and I’m planning on using a HELOC against it as a bridge loan for some of the downpayment and renovation costs.I’ve been trying to build some models on Google sheets for deal analysis to assess deal validity and candidly I think it can be done better.  

Hi @Michael Santeusanio, I’ve been on both sides — I used to be more active in deals, but these days I’m focused on passive investing.

AirBnb and mid-term rentals (you need to furnish it and pay for utilities and WiFi) and rent by the room (self manage and deal with multiple roommate tenants) can get higher rent but it's more work.

I’m an active real estate investor and operator looking to connect with others in the Tucson market.

Would love to connect with you! 

I had a great experience working with Rent to Retirement from start to finish.

He specializes in sub to investing and can help you with the documents.

For your first deal, focus on cash flow, location, and property condition, especially with small multifamily units.

all our investing is out of state  and  we invest in the  Detroit  Toledo  area  where we can find  good properties in good solid  area for reasonable prices  with  great  returns.... with a  little  creative financing we are often to get deals with as low as 30 k... take  the right team on the ground...