Single Family Home (East End Louisville)- Originally my primary residence ($209k)- Property is in our personal names (not in LLC)- Comps in the neighborhood are $285k- Built in 2002- In well established  neighborhood w/ middle income families- On 15 year 2.99% mortgage w/ 8 years remaining and $115k principal balance- Currently rents for $2,185 month/$26,200 annually- NOI $16,320- Cashflow $4,500/annually - $12k principal pay-down annual (current year)- Currently getting less than 3% return on our equityOriginal goal was to not cash flow but pay off property, allow appreciation, sell property at end of loan and use capital for additional projects. 

I think it would be best if they lived in a trailer in the middle of no where , but that is not likely to happen. 

@Maxfield ShepardHey man I’m still active duty and in the middle of my first flip.

Whether you are brand new like me, middle of the road finding your way in the business and looking to make more contacts, an expert looking to pass on your horizon of knowledge to somebody eager to learn it, or anything in between, go ahead and CONNECT!

If you are saving at the average pace, you will have about $200,000 at retirement and can draw down $8,000 a year at 4% or about $667 a month.

so someone in NY manhattan area who can afford to live in duplex may have less replaceable jobs that someone else living in middle of nowhere. but eventually most of jobs can be replaced by machines. 

Personally, I have found this middle ground to be the most challenging.

That $4k goes towards my holding cost for the 2 months of repairs so I am able to get into the house with minimal out of my pocket at a much quicker pace than going conventional and/or paying higher fees and interest to a HMLWould love to hear some feedback on if this is a good strategy or not.

(assuming its a quality place) This is the only area I would consider renting in the upper middle class price range and feel comfortable.

And then there's middle grade properties going for around 130k (good rehabs going for list price in about 1-2 months on market).