SteelI want something that is going to last awhile, but not forever; as I will eventually have to update.2 Kitchen: Porcelain Tile vs Vinyl I like the idea of tile, but I feel like with a rental unit, the upkeep might be difficult.

Scott who's analysis spreadsheet mine is based off of.The numbers used are entirely based off the pro forma:Asking Price (not offer price): $233,000Down Payment: $58,250 (25%)Improvments: $6,000Closing Costs: $4,500Total Cash Invested: $68,750Total Rent: $3,525Gross Income (less vacancies): $3,232Expenses: $17,804 (50.39%)(includes 11% PM, maintenance at 10% of gross income)NOI $20,985Debt Service: $10,625 ($175,750 mortgage at 4.5% for 30 years)Cash Flow (with PM): $10,360Cash Flow (without PM): $14,627Cash on Cash (with PM): 15.07%.Cash on Cash (without PM): 25.59%Cap Rate (with PM): 9.01%Cap Rate (without PM): 10.84%I'd like to do the management on my first few properties to learn, however my minimum criteria has to work with a PM as I will eventually get one.My conclusion is that on paper this property is quite a good one considering its cash flow, cash on cash, and cap rate - especially when considering this is based off the asking price.I'd love to hear your thoughts.Thank you.Will

A small percentage of properties were bought by local investors at auction, and a majority of the properties went back to the lenders and eventually became REOs.

Hopefully the realtor isnt pulling yopur chain in hopes of eventually stealing it from you..

The problem is, eventually, we need to invest about $60K to do a new driveway, the rest of the windows, siding, and 2 bathrooms when the plumbing fails (house built in 1915).

What I hope happens is that building relationship with investors will lead to eventually getting their listings (whether they are flipping or leasing).

With your license, I'd suggest you get into underwriting seller financed deals, guarantee the deal, have them sub-serviced or later on service the loan with a clerk eventually and take them out with a new loan when due or in default obtain the deed or foreclosure .

I'm hoping to build a RE portfolio of various properties with passive income to help offset (if not simply pay) for our student loan debt, and eventually be a secondary cash flow.

I think the key is eventually we have to jump on a property and get some skin in the game.

I had less than 10% equity in that deal, but I learned a ton and eventually sold my interest to my partner and made some decent money.