As an investment banker, and my colleagues and I strongly believe that a 15Y or 30Y fixed mortgage is the ultimate bank scandal, since you effectively pay double to triple your purchase price if you include the future interest payments.By saying that, I also bias since I love ARMs, and I believe that despite the rising interest rate environment, ARMs are still the best choice, although it does take some understanding.

Rents have tripled in LA since 2000.  

Personally, instead of looking for the home runs, I think it's better to go for the doubles and triples while slowly building wealth.

 + Structure the lease to be triple net so that they are in charge of taxes, insurance, and maintenance.  

@Jerry Ellis I personally wouldn't invest somewhere where my taxes could triple out of the blue unless I did a bunch of improvements, that could be a major cash flow killer. 

We are accidental landlords, as we just had to move, and our old house was triple wammied  by circumstances and is under water (and can't be refinanced).  

If you want to be a serious national triple netter, National CoStar is a must.  

I'm looking for a real estate attorney for a property in Falls Church, VA to help my girlfriend with with an ongoing loan issue.She was a victim on old balloon payment/adjustable rate loan originally through BofA that caused her mortgage payment to triple back in '09, leading to non-payment.She was a part of a class action lawsuit and was advised to not pay her mortgage.  

@Zach Burns - NNN = "triple net" which is a lease structure that requires the tenant to pay all the operating expenses in addition to its base rental payments.  

I am not familiar with the calculators but just put #'s in and came up with the following and wanted you guys to look at it and let me know:Monthly Income: Monthly Expenses: Monthly Cash Flow: Pro Forma Cap Rate: $3,000.00 $2,168.15 $831.85 11.99% NOI Total Cash Needed Cash on Cash ROI Purchase Cap Rate $27,578.00 $230,000.00 4.34% 12.26%Commercial RE is a different beast.Get some pro opinions from the commercial guys on here.There could be other hidden costs on the triple net leaseMuch success