How is personal net worth calculated with rental properties?

[Robert Jones]

Whats up BP. I have a quick question about net worth and REI. Are rental property mortgages calculated in net worth? For example, If I purchase a 100k rental property for 20k down and take on an 80k mortgage, would my net worth after this purchase be -60k? And with similar purchases would I would go deeper and deeper in the negatives for net worth? Or is only the 20k equity counted? Am I looking at this wrong? Thanks.