From my understanding, were you to not consider your "rent" in the equation, would be the amount left that you would need to pay as your share.It seems rather unfortunate as many podcasts and other outlets I read talk about how Duplexes and higher cover all the costs.

There are intangible things in this world that equate to tangible dollars sometimes.

However, I don't think that experienced agents that provide value to their customers through their network and experience will ever be truly removed from the equation.

More importantly, putting aside climate change considerations, I don't see Miami not being a vacation and second home destination within 20 years for a simple reason: you can't get closer to the equator within the contiguous United States. 

So location isn't really an issue.When construction enters into the equation it becomes a whole different story. 

@Ben McMahon  You are also not taking into consideration the time value of money at all in this equation. 

If the NOI is $53,997And total cash invested was 181000 (this adjusts the closing cost to $10k, lets say I can get 3.75, I am trying to get the math right in this equation).I am seeing the Cash on Cash ROI as 29.8%.  

It does, but there's another reason 30 years are more appealing too... if you actually calculate inflation into the equation, inflation is going to out-do the difference in mortgage interest plus the principal, likely by a big margin.

But for $4k I can buy a point which equates to $100 lower in mortgage payments per month.

We went as far as getting the amortization equation and manually plug in the numbers,In any case their response is:You are calculating payment using a 365 calculation.