Paid-in-full real estate almost always results in sub-optimal returns.Do this math. 

Do the math at a 6% loan rate.There's a reason many apartment buildings have been converted to condos and sold.

although we bought about 6 years ago or so for 270 put 100k into it so you can do the math  no debt .. hoa 400  we pay utls. 200 or so.. so 600 a month out of the 3500.. tax's about 1500 a year ( got to love Vegas taxs ) value today right at 600k.. so lets say we net about 33k a year on 370k cash .. so not bad little under 10% COC with an outstanding tenant one of the best I have ever had.PS given tenant quality we manage ourselves.. 

The reason I held off was my returns were higher than 90% of my competition in the Smokys and I am a math nut. 

Thank you very muchBeau,In my opinion the math and the numbers on deals don't lie and are also a great way to build a plan.

Do the math, it my not be worth the trouble.

I'm going to get 1500 for a 3 br in Lee Harvard, fully renovated all in 75k, do the math :) All the best  Im not interested in buying turnkey and also not buying cash, I would run out of money real quick.

I recommend a simple spreadsheet to check your math and it will make it simple to adjust each year.End the complaints.

Flaws in that math, not in  the strategy.If the math works - the strategy works.

This isn't hard math here buddy...."