I suspect in Omaha you can do very nicely on say 20k a month... and spend say 5% of your income on a toy.. still leaves you 19k a month to live on.. great house in your market probably all in is not more than 3 to 4k a month leaving you 15k for food and cloths.. so you can buy the car  :)

Our tenants are primarily from the medical school community and don't cook too much.  

@Ethan Cooke From my experience, the most desirable and consistently booked properties in San Francisco are studios, 1, or 2 bedroom units.

The deal is a percentage of sales lease with a widely known class A franchise in the restaurant/food industry (sale lease back).

Anyway, just food for thought.

People don't go to the grocery store or gas station and expect to get food and groceries for free because they're sick. 

I can't sell houses for 200k when it costs me 220k to build them.. so you have to build higher up the food chain where the $/sf is higher.

Hi -  We are under contract on our first buy and hold that we have been able to find that has decent numbers...Would appreciate any reaction or input anyone has to this deal...good/bad/bad assumptions etc.Location - 63rd and Halsted (very close to the new whole foods developmentProperty - Grey stone with 2 units (3 bed/1 bath) unfinished basement with laundy and 2 car garage.  

At this point, these funds might be used to buy supplies, help with food and temporary accommodation.Please donate and help to support our community.

You could not cook a Thanksgiving turkey in that kitchen, but it would be perfectly fine for most single people.