It will eat into your cash flow and if you are not careful, you will buy a property that you will lose money one each month.Around here, It is hard to find a property to cash flow for more than $50 to $100 a month per door after figuring in all the current and future expenses, but as long as the property cash flows and is in a decent area, then I am happy to pick it up.

I would relocate there and buy it just to be closer to Magnolias so I could eat there every night. 

That said, if you have good tenants already, eating $20 a month is not a big deal.

Or are you eating that cost?

Over the course of 1 year. that $70 a week on food and coffee at work adds up to $3640 per year... or, in leveraged terms , 20,800 - $41,600 worth of real estate (if using 80-90% leverage)Of course, one has to eat.

What’s you opinion on the taxes  in these areas… after evaluating one deal at upper union, near Central Park, the taxes sort eat most of the cash flow.

yes I know there are hoops to jump through but doing it myself eats up all my cash 

Why is hoarding it in real estate, especially in todays economy, a rational decision when you can eat your cake and have even more cake. 

In researching different markets I find deals like this:http://www.loopnet.com/Listing/5175-Warrensville-Center-Rd-Maple-Heights-OH/11817181/But utilities, if not billed to the tenants, would seem to eat up a lot of the cash flow. 

The 3rd one has had to spend all her income on rent, eating out, etc.