That's not deflation, thats air coming out of the bubble.

.$70,860/12 months = $5905.00 NOI per month$760,000 @ 9% for 30 yrs = $6,115.13 monthly mortage paymentFor a NEGATIVE cash flow of $210.13 per month.So, shooting for $100 cashflow per unit, I would need to purchase at around $435,000.I pulled the 9% interest rate + 30 year term out of the air, so any corrections on the reality of such a mortgage are appreciated.Do my calculations look right?

Do they magically just appear from thin air?

I just had 4 Air conditioners get an axe taken to them at a 4-plex.How "durable" are those machines?

Floor is dirtyHallway to the 2 bedrooms:Return air vent appears to have been dusted somewhat but not cleaned.

I think Sarah Palin is a breath of fresh air and I am fully behind having a President who isn't a Washington Politician.

The list goes on and on and may include: landscaping, exterior lighting, mailbox, patio/deck, air conditioning (although it probably has it considering your area), etc.Also consider the quality of the home.

I know my cash flow will not be the best if we rent our first investment property but we are still thinking about it... here's the facts.
Bought it for $12k - fully remodeling it with new roof, paint, windows, bathroo...

You can't create money out of thin air and expect your financial system to survive!

Oil and natural gas are biggies here--but we've also been blessed by major downtown development: a new NBA franchise, a convention/restaurant/entertainment hub around our new Riverwalk, a new and expanding Dell facilitiy, Tinker Air Force Base, etc.