Newbie, just closed on first property in Atlanta!

[Rob Gleason]

Hello all.  I've been contemplating, calculating and questioning the purchase of rental properties for years. Over those years I've watched a number of friends and family members enjoy varied levels of success, from building profitable multi-property portfolios, to declaring personal bankruptcy after 3 years of "investing".  Scary stuff that was keeping me on the sidelines.

      Then I came across BP's website and started reading and watching.  It gave me the confidence to make my first purchase 2 weeks ago: a duplex, all cash, both sides rented@500 each, cash flow ~$600/mo.  I'm happy with the purchase because after seeing all the failures around me, my thinking was just to get a deal that didn't fail.  But now I'm thinking I should have done better because I'm getting just over 10% ROE.  Thoughts?

LOVE THIS SITE!