Just as all pets are not equal, neither are all tenants, even among those who pay the same rent amount. 

What I learned: First, I learned that not all appraisers are equal.

JulieLot  161k  escalator clause lot listed at 140k  3 offers highest and best I put my escalator in there for 1k over the next competing bid.. and I do believe since we bought and built the two across the st.. everything being equal the buyer knew we were capable and would close without heartburn240 ish to build  1700 sq ft...  20k soft cost  capital tax's insurance  bring us in at about 420k... 

They should know and understand how to get you thru the rough patches and equally important, they will make sure you dont get arogant or cocky as a result of a single success. 

One consideration is if it's up to 4 units, I could refinance later on with a conventional loan to get a lower interest rate, so all things being equal I'll hunt for that. 

My initial impression of the 2% rule was that this rule was just that the rent should equal 2% of the purchase price.

They equal the same if they are in your control, or the house's control.Using the rent to pay off your principle, is using HER money.Using your cash to pay off the principle is using YOUR money.Her money is FREE to you..and it pays for all of your costs/expenses so you don't have to pay them...so don't pay them.

If you do not trade equal or up in value and instead trade down in value the, portion that you don't replace may be subject to tax and depreciation recapture liability.

All other things being equal.

This is the primary reason we factor ROI into investing and why cash hoarders do not acknowledge ROI.You pay down a mortgage and the income it generates is equal to the prevailing mortgage interest rate plus the principal pay down, which you already get anyway.