It’s nice to know that I’m not alone in the numbers I’m using, but I’m hoping to come close like you as well.  

Not knowing anything else about the future this keeps your pro forma not overly weighted one way or another.

On the flip side, if you don’t think you can match what the average market rental is doing, and the returns for nice  properties are marginal, then I would avoid that market.

The deal has enough skin on it that we will still make a nice profit (its a multi unit with other units so this isn't our whole budget) so thankfully just comes out be a learning experience.

Nice try though.Myth 4: I'm hands-on, so I materially participate"Material participation" is defined by the IRS, not by your Facebook friends and not by YouTube gurus.

Try and tone down the condescension next time.

I was nice the first time and told them I’ll take care of the bill but please make sure you use less TP and supervise your kids since they’re still very young.

The walls can't be cracking and 1990's beige when you installed brand new hardwoods throughout.And, while new cabinets and counters and appliances are nice, if they are not well laid out, or you jam an island into a space that does not allow for stools to be pushed out, or the oven door to open because it hits a cabinet pull, that new kitchen is meaningless. 

They are worth their weight in gold.They actually specialize in smaller multi family in the Lehigh Valley so their business is built around the model.

Try to take a long-term view—it usually helps remove the emotional weight and allows you to think more clearly about the problem.