He has a podcast, and was generous in sharing how he does it at the meetup.

I negotiated the price down from $100,000 to $80,000-which was generous.  

Thanks for the offer, very generous to share your time.

Being generous with a 5% interest rate and 20 year amort, I get $1039/mo or $12.4K per year, not the $8700 you mention.  

Not sure if you're being generous with your monthly expenses (vacancy, cap ex?)

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?

Not trying to cast a lot of doom and gloom on what is intended to be a very kind and generous gift but I'd hate to see anyone let along a newbie investor get stuck with a bag of worms right from the get go.

Seems to go a long way and both were very appreciative of the gesture.

Scenario 1: Buy multiple cash flowing properties in the Midwest and keep renting in NYC- Earn 15% cash-on-cash return per year = $30k per year x 10 years = 300k profit - Very modest appreciation (let's say 100k to be generous) - Total profit = 300k + 100k = 400k (I'm being very generous here)- Keep in mind if you sell the homes at the end of the 10 years all your profit is taxable since you don't live in the properties.

Cash-flow; When I'm living in the property - 1500$, when I move out w property management included 800$ on 3 unit multifamily with a finished basement. 3 over 3 over 3. 1900$ rent per unit after rehab which was generously estimated at 30k.