Ironically it appears that countries that cater to socialists/elitists have better means of wealth preservation once you've "entered their club" and made the wealth, and territories they acquired during their expansion cater to the maximum value per dollar expenditure of the interest held in the countries that acquired them.

Maintain or increase Cash-on-Cash % for portfolioStart a ROTH IRA and max it out.Build a relationship with a local bankReduce expenditures on "luxury" items and stash extra cash while maintaining a balanced life (mostly work, with some well earned vacation).

NOI" or net operating income is actual collected rents less all expenses (and either actual capital expenditure or capital reserves).Repairs look high, but you've neglected to include a number of other items (legal fees, CPA charges, lost rent, make ready costs, etc), so the bottom line looks about right.Your financing terms (20% down, 4.5% with 25 year amortization) look a little optimistic.

The capex expenditures will be pushed out on new product, but the long run averages will be the same.

He spends $10,000 on a rental property expenditure.

In hindsight, if I was going to be selling the house, I would have made far more money if I put the extra expenditures from insulation, floors, walls, etc into a house that was a little bigger.

I failed to factor in capital expenditures (aka improvements over time, not just maintenance) and property management.

If you're looking to rent out 1 unit & live in the other, you will take different things into consideration compared to renting both units out for profit.If you're renting both units out for profit, make sure you include a repairs/maintainance expense & a reserve amount for capital expenditures.

This last category represents Capital Expenditures (CapX) which are written off over time.

Obviously the goal is to ensure the rents from the first 2 homes will cover all 3 mortgages.Once that was done I would bank enough of my cash flow to cover expenditures that may arise and then use the excess to pay down the homes 1 by 1.