If you calculate postage, paper, ink, envelopes and your time buying the paper, printing, licking envelopes, placing stamps and return addresses?

I live in nearby Jersey City, and I decided to invest in Allentown/Lehigh Valley for higher returns.

With 18k out of pocket for repairs because of the loan amount over purchase price & $400 monthly income, that's a 26.7% return. 

(leaving aside complications of taxes, depreciation, etc)That doesn't sound like a good return to me.

The owner's memory is poor so he'd need to have a family member or spokesperson for himself.

Hello All,Does anyone have a good/great mobile home park CPA they use for their tax return prep?

Doing the math isn't that difficult in terms of return on investment but the biggest question in my mind is...is it worth it?

No 2 years tax returns, months of statements, $700 appraisals, $1200 lenders title insurance, large origination fees or waiting 45 days with fingers crossed.The other advantage is refinancing is much easier on you and the property and if you bought with SF below market value, the value will come into play after 6 months. 

That was their initial approach - to petition the seller for a return of their EMD, but I felt that wasn’t fair as the seller didn’t do anything wrong - the bank and their realtor were at fault.I may not have mentioned this but the HOA provided all needed documentation of renter/owner ratio before the offer was submitted - bank had that paperwork from day 1 but didn’t decline based on it until the day closing was scheduled to occur.

All things being equal I think 6-10% for a quality property in a good sustainable area is a very fair return.