At any rate, when I finally found a 'good deal', my wife said she was 'fed up' with hearing me lose out on so many properties and she encouraged me to purchase the property for a higher price (to win the bid I mean). 

I have the same query, if possible, would it make sense to just purchase portfolios instead of starting grass roots. 

I just got a fine in Indianapolis for the grass being too tall in the property.

Markets change, unexpected events occur, over the course of 5 years the FED can change the dynamics, and on and on.

In total our grass income per-month is $2,555We also have 18k in debt.

Thanks @Peter M.We aren't living on one side, the duplex is in Indianapolis where we will renovate both sides, we had to put 25% down since it's an investment, and we will rent...not sure if we can complete the last R (in BRRR, Refi because "Fed are raising interest rates signaling 2 more increases are coming 6/13)  so I locked it in just now! 

I'm no longer interested in it as we are looking at another property and putting our efforts onto attaining that one, but as always, we still keep an eye out for others.DIFFERENT PROPERTY: QUESTION: does state and fed tax arrears follow the house or owner in a foreclosure, courthouse auction?   

As an s corp you need to be paying payroll taxes and owners are considered employees for that purpose..just pointing it out because taxes should be withheld from the paychecks and remitted to the state/fed...check with your CPA right away so you don't miss filing deadlines...

The property is a 5 unit building with the following information: Rental income is $4,000 per month or $48,000 per year totalTaxes are $375 per month or $4,500 per year (this is higher than current but factoring in that they will increase)Estimated insurance is $200 per month or $2,400 per yearExpenses: Vacancy 8%Management 10%Other expenses Landlord pays water at $400 per month or $4,800 per year Realize this could be a cost savings in the future, but want to analyze as isGeneral maintenance (including minor repairs on property) including grass and pest control estimate at $300 per month or $3,600 per yearCapital reserves for Cap ex (appliances, windows (52 windows on building), roof, siding, etc. which I based on building a capitalization table based on useful life of items and number of units) at $460 per month or $5,520 per yearLoan: All in after down payment the loan would be for $300,000Assuming 7% interest rateAmortized over 20 yearsThus comes out to $2,325 per month or $27,900 per yearSummary Income Per Year:$48,000Property Exp.

Current regulation prevents new construction homes in the area from planting lawns in the front yard, and limit the total grass that can be planted in the rear as well as other regulations to conserve water.There is a limit to how many people can own a swimming pool in the middle of a desert.