Nice work - have to get creative in the market these last couple of years

Thanks Leo and nice to meet you.

If it's way out of whack with the market average, dig deeper.Debt Service Coverage Ratio: Key for nderstanding if the property's cash flow will cover financing comfortably.Historical Vacancy Trends: Especially in areas like Chicago, where local job markets fluctuate, knowing vacancy trends can help you anticipate rough patches.Rent Growth vs.

Alot of the equipment can be expensive and would be nice to be able to right it off.

Long term, the Austin market will do just fine with strong population and job growth.

Otherwise, you can never attain financial freedom because rents will not outpace inflation.How long your rental income lasts depends on job growth in the investment city.Non-government jobs are inherently temporary.

I continued paying what I had paid before, with the additional money purely going to principal.The recast to a lower amount was purely to reduce my committed monthly payment to a point that I could get my property to cash flow if I had to move out (job loss, etc).

Nice work.

Anybody have a nice profit and loss template set up on excel that lets you plug in your numbers each month? 

Great job James, cheers!