re: Cash Flow on Rental Property

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The pros are that the cashflow and yearly return is high, but the cons are that the tenants are hit and miss

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My hope is that a 1BR will draw a little old lady or a college student that doesn't want roommates, so the liability is lower. This would likely be a longer term investment, 5-10 years or more, and as long as I can pay the note/HOA, I don't need to take anything profit-wise until it's closer to paid for.