It follows the classic 1% rule (rent is 1% of the purchase price)--or is that the 10% rule where yearly rents are 10% of the purchase price...I never remember.

A wise ruler once wrote:  The rich rules over the poor, And the borrower becomes the lender's slave. 

Irvine CA   Beside In and Out Burger

Lets review the rules in order to see if it was a good deal:50% rule - 50% of gross income should go towards expenses minus mortgage paymentExpenses include:Property InsuranceProperty TaxesMaintenance/RepairsUtilitiesProperty Management                You have no mortgage pmt since you paid cash so that is a plus                $10,800 annual income * 50% = $5,400Based off 50% rule its a deal.lets try the 10% rule - Annual rent / purchase costs 10,800/35000 = 30.85%Based on 10% rule its a stealNow lets try the 1% rulerent/purchase price*100900/35000*100 = 2.57%You found a deal.Remember that much of the expenses other than the tax interest can be tax deducted.Great Find 😁

If you pay a worker $1.oo more to make a burger, that burger will NOT sell for $1.00 more.

Our dining facilities on base (which offer free meals to juniors/dirt cheap meals to seniors) are habitually becoming more and more empty with individuals choosing to spend money daily at burger king, subway etc. 

Yes, you can flip burgers now for almost $15-17 an hour, but those on salary at $50k a year have not seen a doubling in income.

No big McDonald signs or Burger King but instead small sign out front that is tasteful and appealing.    

I currently flip burgers but I'm more interested in flipping houses which is why I joined bp, to gain more knowledge from like minded people.I do have two questions to ask anybody investing in the texas market.

Let me put it another way: It’s though I am proposing to put up a hamburger stand up and hope to make a go of it while Burger King and McDonald’s are just across the street.