My go/no-go was break even (net 0 cash flow) under the following assumptions: 50% occupied at market rent (based on comparable properties) including 15% of gross rents to maintenance/cap-ex (at 100% occupancy) and utility costs.

The dog jumped up on the toilet, bit into the blinds on the window behind the toilet, and jumped on the metal TP holder breaking it off the wall. 

Let’s break down your questions:a.

Hi everyone! My name is Cole, and I’m finishing up a degree in Applied Statistics at UVA in Charlottesville, VA. I only have two more Spanish classes left to complete my degree, but since they must be taken consecutiv...

I can cash out refi $100k to a 30 year at 7% but lose cash flow and break even.

I.E. using all the equity available breaks the DTI ratio for the desired loan?

Let’s break it down:1.

I expect that by years 3-5, rental rates will have gone up enough to break even.

Quote from @Kelly O'Keefe: @Matthew W.Thanks for the break down, it is really helpful.

The idea was to find a property, 4-plex, that would allow me to break even, cover the mortgage, and hold onto it as a long-term investment.However, analyzing the data and really coming to terms with Colorado's market, I’m rethinking my approach.