They're babies, even though they're all in STEM....)

The upstairs kitchen is a similar layout to the one in the photo, but flipped 180.Personally I've clogged an old cast iron drain once (a baby wipe) over many years and I attribute that track record to not putting anything crazy down the toilet or sink.

.$3600 per month - property taxes - utilities - trash removal - property insurance - rehab costs - vacancy rate - cleaning and maintenance when tenants move - property management costs - accounting costs, etc and if you pay cash for everything you will still probably come out okay, but if you pay $54,000 plus $150k cash for rehab + all other costs the big question is; can you invest your $200k into a more-profitable property vs. spending very good cash on something that almost appears to be a huge dinosaur you will need to clothe, feed and he will eat you out of your own house.We need to see all the numbers and stretch them out like in the chart below.The following chart is what I am guessing your numbers will look like.

I have a mortgage and live in a condo with my wife and 6mo old baby.      

I buy 1 property worth $150K - I will name this property my NEW baby.

That's real estate, baby!

Our new tenant moved in one of our triplexes and the day she moved in, sent us a text asking if her son and his girlfriend who is expecting a baby in a few months, could move in for a few weeks.

More like, I sleep like a baby at night because I know I have assets wealthy.

Just last week, we completed a $45,000 job for water pipes, drain and sewer pipes and we increased the electric service to 200 amp and removed all the cloth wiring from the entire house and re-wired every switch and fixture with city permits.

Appraisers get it wrong sometimes and as long as you are in a position to cash flow it in the long run I say you do it ALL DAY LONG BABY!