If you just take the 13,835 financed at 6% you are adding 83 dollars a month. so a double whammy.Now, lets consider if rates drop to 5.5% in 24 months (not a prediction just a what if) and you could have refinanced at a much lower costs then the above scenario in what you paid in pre-paid and additional interest. on the other hand, if rates for your same scenario after your 5 year payback period is 9, then you will have an asset with a much lower then current market rent.  

Additionally, ATCP 134.05 says that if the tenant provides a consumer credit report from an agency that compiles and maintains files on consumers on a nationwide basis and it is less than 30 days old, the landlord may still run a credit check but at its own expense.When I inquired with the company, they replied: "These laws are in place to ensure that you, as a landlord, are not profiting by incentivizing multiple applicants to apply when you have no intent to rent to them.

I lived for free for a couple years, while collecting rent checks. 

This does not mean actively acquiring but rather considering valuation, market demand and rents, and potential ROI. 

Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.

so would like to start building our portfolio in a State that has consistent appreciation with room for rents to increase going forward."

Gross rent multiplier (GRM) A method that divides the purchase price by the gross annual rents when the property is 100% occupied.

I rent to one couple or small family for the full rental period - no less than 2 months and no more than 3 months.

With this method you can you find properties that need work and at a discounted rate, fix them up and then rent them out to add them to your rental portfolio. 

You are LOSING money because you didn't even raise rents to cover those increases!