ARV=$115K Sale Price= $101K less My wholesale fee = $3,000 Equal = Contract price = $98,000 Mortgage amount from seller = $95,000 Estimated Monthly rental rate = $1,300 Estimated Expenses (taxes, insurance, maintenance, advertising, management fee, and HOA) = $490 6 year old roof, house built in 1995, 1489 sqft I appreciate your feedback.Sorry for the Title of the post. it was supposed to be " Cash Flow analysis for a rental property"

initial numbers do not work$293k plus $63k equals $356kHe/She claims property worth $325kI'll let expert weigh in on your thread, but I'm thinking shortsales(more information most likely still need , fyi)1st lien - expert negotiate down from $293k (mortgage lien / note)2nd lien - expert negotiate down from $63k (mortgage lien / note)

Now it's less than 2% with timely paying tenants.Also, at least in our market, lower rents do not equal better tenants.  

Is it better to keep leases and applications indefinitely in case I am shopped by HUD for equal housing investigations? 

Also, equally as important this same method should be used with maintenance.  

My firm currently has a 15k minimum fee, which is about equal to your two points. 

Best to avoid having a security deposit that equals rent, as it is more likely that a tenant will try to get you to use the security deposit as last month's rent, as in @John Thedford 's situation.

It may be true but time equals money and who says the next person will see any more value in the property than the other people who have offered. 

Each individual is a co-owner of an equal share of the property that can be sold separately from the other owner's share.  

The portion/fractional percentage of the property that is acquired by the party completing a 1031 Exchange must have a value equal to or greater than his/her sale property.