Pretty gross.

Within the last 5 years, the water heater has been replaced, a new roof has been installed, radon mitigation system installed, central air AC system installedMy analysis: Assume purchase price of 100K, 3K closing costs, 25% down @ 5.25% interest (quote from local bank), $600/yr insurance, 1600/year property taxes, 5% of monthly gross income for vacancy, 7% for repairs, 10% for CapEx Below, I've shared my analysis document.

They are not getting rained on or snowed on during the building process and you can drug test your employees at the factory, vs. a job site contractor.  

Usually you will pay 20-35% of gross income. 

WC is the sole remedy for injured employees and you are the employer.

Grosse rents were 2200 a month not bad on the purchase price but not so great given wth current value of the home.  

. $800 capex reserve / $3200 gross rent = 25%. 25% for capex reserves?!?!

If you can borrow at 4%, and gross 10% return on your investment, then you net 6% on the spread.

Applicants must have a combined gross income of at least three times the monthly rent.

For example, in NJ a business is required is to have Worker's Comp policy if it will, has, or may plan to hire employees OR subcontractors.