In the stock market doing "average" is doing very well, as many funds perform below average (after accounting for fees, etc)And yes the leverage comment was more of a joke than a serious comparison.

It was money well spent and now pales in comparison to the money we make on our deals.That being said, there are plenty of fly by night folks out there and the out of state thing does make it more difficult but not impossible.

Aaron makes a great point, MH have great cash flow (or can) but get no appreciation, in fact, they depreciate typically in comparison to less cash flow SFR but better opportunity for appreciation.

Taxes keep going up and up but cant complain, in comparison to Dublin.

Marie Poe While I still think it is a silly comparison, I will answer you that I always post when I hit the correct day (day 6 here).

When doing your evaluation of the comparison between your current mortgage you need to make sure you are only including closing costs and not including the prepaids when determining your breakeven analysis.

For example, if investors are looking for a return of 10% and recent sales to the net operating income (NOI) for those same sales indicate them same cap rate (of course make sure the NOI does not include real estate taxes as an expense) and real estate taxes in the subject property's location represent 2% of market value the resulting capitalization rate for comparison purposes would be 12%.

It's the comparison of the price of a property to the rents the property brings in.

Thanks @Raymond B.I looked at a thread discussing the comparison between the 2 rules.The 2% rule seems to be overly conservative to me.

Cal by the way and GA is no comparison.