Being in growing areas, I know that rent will increase each year in addition to growing equity each year through appreciation and loan pay down.2) Running the math just on appreciation of one home vs five allowed me to grow equity on a portfolio much quicker.

Basic math.

How did you find the price of SQFT in your area i know getting the GC to walk the property with you is one way is there another.It's easy - we get the SF$ by having the work done for us hundreds of times.......then we just do the math :-)But as has been said, the price will vary greatly depending on location.

I did the math and the cash flow seems good.   

There is math required.If the title insurer is removed from the equation, that's one less mouth to feed (no % remittance to the insurer would be due) plus a lot of admin and post-closing work would be saved. 

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

Simple math results in a significant absolute negative cash flow if fully leveraged.

Right now if my math is correct you are looking at $4300 per year in expenses (if you include the water and garbage). 

I asked my CPA to sit down and go over the math and the pros and cons for my specific situation and portfolio.

You are doing him a favor by being the bank.I don't know how to do the math out exactly.