-Brad

Here are the final stats (not sure if this will copy and paste correctly): Purchase Info Square Feet (2 Units) 2,492 Purchase Price $165,000 Initial Cash Invested $49,727 Income Analysis Monthly Annual Net Operating Income $1,032/mo $12,387/annually Cash Flow $414/mo  $4,973/annually Financial Metrics Cap Rate (Purchase Price) 7.5% Cash on Cash Return (Year 1) 10.0% Internal Rate of Return (Year 20) 16.9% On the land lording side, I was forced into a crash course when I had to kick out one of the tenants due to non-payment of rent.

The real estate owned he did receive a nice tax deduction however he did have to spend money on the costs associated with being a homeowner and land lord but over all made a return of 7% plus.

Yes @Brad Chandler we do have a Keller Williams office nearby and they are actually at the top of our list of brokers.

@Russell Brazil and @Brad Chandler right now I'm working on both a cash sale and a financed sale, and I'm wondering how you guys get around the "due on sale" clause in a mortgage, or do you buy everything in cash?  

-Brad

@Jon Holdman Good lord, man.

Laws like this end up hurting tenants because land lords will ask for larger deposits to cover the risks

@Brad Ickes Always remember you never have to buy.  

Dean addressed the problem of the “slum lords” that profit off of low income rental properties and have no regard for the quality of life in the community.