Of course this is a fictitious example meant to show the point that cash flow by itself is not the only measure.However, to say a property should not cash flow implies that the payment/expenses are greater than the rents received.

Also, the event can't be called a BiggerPockets or BP meetup, as that implies we sponsor or endorse it.

It automatically implies this is an investment property as well.

Also the term “hard time finding an agent” implies to me you don’t have just one, and maybe they can sense you aren’t being loyal to them and not wanting to write up tons of offers until you really pick one.

-------Seems to imply that buying higher coverage means paying less premiums.

House hacking implies you will live there so you are including yourself paying 700 in rent in the 1400?

@Mike DymskiYou are absolutely right, Mike, in regards that the quote about IRR Investors was meant as a effect so that there is an understanding that the two are different and implies different Markets and Investment needs.The following is for the readers (not Mike Deymski only).I will say that there is another reason why those that do have the ability to Invest using IRR valuations  (in other words, they don't REALLY need the cashflow but would like to have it) DO NOT simply because they have not spent the time (and I would say it may take months to years) to truly understand the Calculation and how it works.It's the most comprehensive calculation you can have and requires you to do a pro-forma 10 year projection.The problem I find with a lot of BPer's is that they easily dismiss IRR because it's either too complicated and sophisticated that the newbie will need to spend time to learn it before jumping into Real Estate Investing.My personal opinion is that if you truly love Real Estate Investing and are truly motivated, you will eat, sleep and dream about Real Estate.

Aloha,You state that you have been a landlord for a year, and tenant has been with you 9 months, which implies that you selected the tenant.

That implies equitable ownership. 

Ideally you would have a property management company coaching you through your first property for a year or so.General maintenance - high maintenance tenants generally imply higher maintenance and turnover costs.