The fed is meeting later this week so mortgage rates might change so when your ready to buy lock in your rate because we are still at historic lows.

You need to account for vacancies, capital expenditures, maintenance, management (unless you are going to handle all the units yourself - but you should still account for it in your budget), common area upkeep (snow removal, grass cutting, etc which is there, but unless some kid is coming over $25 is way low). 

If the FED messes up and taps the brakes too soon, the economy will slow and it will hurt.

Keep in mind that many courts may not even evict a tenant that you have habitually accepted late rent from if you decide that you are fed up and want them evicted for late rent . . . this is because you have gave the tenant a reason to rely on you accepting late rent in the past and so, caused confusion. 

Building of Fed Ex Forum and now 3. all the development around the city, including the expansion and relocation of several major name businesses you mentioned in your blog.The geography of the city is not only great for the logistics business here, but there are also so many great weekend trips within a short drive of here: New Orleans, St.

Perhaps the better question would be, would you be willing to hold on to the property for 20 years, mow the grass for 20 years, pay the taxes for 20 years, etc. with the hope to make a profit?

Also, depending on what the Fed says tomorrow, you may be in store for higher rates in the near future. 

Perhaps 2-3 more quarter point increases in the Fed Funds rate but nothing more than that.  

Rates are going up, the FED just raised there Fed funds rate by 0.25%.  

Fed Rate Goes Up.