To sum it up, it’s all about the relationship, and two key components to a successful relationship is reliability and trust....

Another artifact is that they don't seem to take lot size into account at all, when in an urban gentrified area the land has become the majority component of value. 

Typically you’ll need 25% down (minimum) plus another ~10% for closing/reserves/deposits/unexpected capex upon closing.

It's nice to have all 4 components of making money in play for a S2 w/ wrap, but 3 out of 4 is never bad. 

My next question is how do I find the comp on older homes?

My next question is how do I find the comp on older homes?

Common area electric expenses would be low to nothing except maybe some demand charges, making electric components the better choice.

Although cashflow is important, it is now always the only component to consider when looking at a long term real estate strategy.

@Sunny C. one thing I did not see mentioned on this or the other discussion you started is that I *think* of your IRA is involved in a project in any way then you yourself are not allowed to participate in the labor component of it at all. 

If you have an unexpectedly long vacancy for whatever reason this could wipe out all your profit for a year or more if you only cash flow $100 per month.