I'm very new to the investor game, so my goal with the first purchase is:A place that my partner and I would want to live in for 1-3+ yearsCap Rate of 3-4% minimumCash flow as close to $100/a door as possibleHave cash leftover to (A) start the slush fund for this property, ~$5-10k and (B) less vital: start building the pot for Property #2 within the next 2 years Note: I am semi risk-averse, not looking to over leverage right out the gateI'm looking for this first purchase to be a base hit, not a home run, as @Brandon Turner says.Property 1:DuplexPurchase Price $275,000Rental Income: $1000/unit Location: North Side of town (Northern Barton Heights), up and coming.

I can't remember what internet provider Dish uses - but I'm pretty sure it was either hollernet or hughes net, I believe.

I could easily state that my kitchen knives and crock-pot have achieved a nearly incalculably high internal rate of return.

You pay all the utilities; you need a full unit of furniture and decor; you need plates, utensils, pots and pans, glasses and cups, coffee maker, toaster and basic cooking supplies; you need linens and towels, soaps and shampoo and conditioner and blow dryers and basic bathroom supplies; you need laundry soap and supplies; and you have the cost of cleaning on the turn (usually charged to the guest but you still have to manage it).

Use the inspection to learn what needs to be done, not only what the inspector checks but everything in the place - furniture, small appliances, silverware, pots, pans, everything. 3.

She was a pot-stirrer who always had trouble paying her rent anyway...in fact, I evicted her in Dec...so I didn't necessarily pay her a lot of mind with the complaints, but did text the main tenant for the large family a couple times to please be mindful of neighbors.However, when we were doing showings, I noticed they did have loud music blaring a lot. 

You can sweeten the pot and pay them 1%-3% of the purchase price.

Right, how many licensed pot shops and state sponsored grow operations are there?

I thought annual net is monthly net x 12?

It would be a true trailblazing move for a bright, financially-forward-thinking young lady looking for her one true and perfect soulmate in life to tell her handyman beau to s**t or get off the pot before she takes on legal liability for paying for the full mortgage on their first triplex.Because there's zero chance the beau will call up the stairs one fine morning, "Yeah honey, going out for a pack of smokes, be back soon!"