I sugges you read that book(libary) to get a better grasp on this.

I've seen that in some forums and books, but I haven't quite gotten a grasp on the concept.

@John-Michael Moreno I have only been here for about a month, so I still don't have a complete grasp on the market yet.

(I am not an expert on larger MF, but do have one duplex right now so I'm not completely inept haha) it is a 10 unit building, each unit is 2/1 Price is $300,000Rents are $500/unit, so 5k per month (Rents could definitely be raised at least $50/month) The seller is going to send me the 1040 schedule E so I will have a better grasp on the actual expenses soon, but for now I am using the 50% rule and adding an additional 5% for good measure. 

I am still very green to the real estate world and have yet to fully grasp all of it yet.Second, I will most likely start with a $200k cash for my previous property I will be selling which I will do a 1031 with to start my real estate venture.

I've found it takes a lot of creativity that some just can't get a grasp on.  

I just want to make sure I can grasp the concepts before I tackle Rentals on a regualr basis.

Until you have a good grasp on why you are making poor financial decisions do not transfer your debt to a new card.

Happy to discuss the market if you want to get a better grasp of the various neighborhoods and finding the best property for your needs.

or what school is it so we could get a better grasp of the area you have concerns with ?