Most importantly, it will allow me to run reports and analyze my RE business in ways I never dreamed of before.Hope this is helpful.

Originally posted by @Robert Adams: Asking price+closing costs+repairs to make it livable if needed=Cost/Value of AssetMonthly rental rate x 12 = Gross Income HOA + Taxes + Insurance + Repairs + Vacancies + LIDs/SIDs (if applicable) = Estimated Annual ExpensesGross Income - Estimated Annual Expenses = Net Operating IncomeNOI divided by Cost/Value of Asset = Cap Rate What a salesmans DREAM! 

Ex wife currently is allowing me to take property located in Northwest Indiana but my income won't allow me to refinance to get her name completely off since I cut my hours to get my real estate license and "Chase my dream".

Absolutley Dave , just walked in door after wading thru the snow on my snoshoes and dreams of palm trees and warm ocean breezes somehow came wafting thru the house.

@Quinton Lightfoot jr, yep, it's because there are SO MANY people out there like you and me that there are so many "Gurus" trying to sell us their (so-called) hidden secrets for making money from nothing ie. dream merchants.

We have scrimped and saved, told our friends no to expensive getaways, did without to have the money to live the dream we know we're capable of!

Would I be hindering my potential for owning a dream home by having so much debt?

To me, I see this as a way to get into it full time (which is my dream) as they could help fund the down payments.

In fact, to me it looks like a bunch of people dreaming that their properties will eventually go up in value enough where they can get high enough rents to cash flow.

Older buyers getting into the "dream house" tend to stay for a bit.