Meaning, our dear borrower paid $19,900 as interest and only $1,700 as principal.No doubt that thanks to this great guy Spitzer it is worth being the bank (-: (and indeed you rarely see banks loosing money (-:)I can tell you that I owned few Duplex as buy & hold investments in Indy, and the 3 T (tenants, taxes, termites...you can add trash, toilets...) caused me to see how my 9% or 10% target return to turn into 4% or 5%.Not mentioning occupancy problems and such.And last point - You have mentioned a point that reflect another advantage in this strategy - Every month you are getting back principal & interest, meaning, you decrease your investment amount, and you get your money back allowing you to re-invest in the another transactions (line buying another note every 2-2.5 years).I can tell you that I have invested in multiply strategies in REI (done flips, had buy & hold) but I found the notes investment niche as the one the had the best potential-risk ratio, mainly because you have a property to guarantee your investment, and of course because you don't need to care about the 3T (Which cause you to earn more/invest less time in each investment).You don't have such powerful guarantee in almost any other investment.And seems your strategy is completely based on appreciation - While if you look at 100 years range, no doubt the real estate values greatly increased.

. $100 a door multiplied by 2000 doors would give you 200k a *month*.

Line 12 is the mystery- one CPA estimated 56K, but I got 140K by taking the purchase price X 70% (land was the other 30%), then dividing by 27.5 and lastly multiplying by the 17 years I owned the property. 

Once you have a real NOI, you can take THAT number and multiply by 1.25.

I'm going to do it per person on a standard diet so just multiply it by the people in your house and adjust for dietary restrictions.

Rich, I like charity that has a multiplier effect.

The building is a little neglected but those are the best opportunities :) If you are considering a car wash purchase try to do it with owner finance and as little down as possible....the 3 month+ option is a great idea here and I will put that in my offer.For valuation use a multiplier of 2.5 to 3.0 of the profits to get a good faith value and consider any repairs and equipment age.

It is very difficult to realize full appreciation with long-term tenants in SF, which causes ratios like the 20X+ Gross Rent Multiplier I saw the other day on a 4-unit building in the up-and-coming Mission.

Sorry I don't know much of the rest of Canada as I am from Toronto.Gross rental multiplier in major US cities can be as high as 100% than Toronto and likely more.You can buy a $350,000 1+1 condo in Toronto and get only $2000 a month rent and 0 cash flow with the maintenance fees eating up all the cash flow.Take that $350,000 150 km south to Buffalo and you can buy 4-5 duplexes that yield at least $4000 a month and cash flow at least $800 a month even with management fee, vacancy rates, maintenance costs already incorporated.

A Section 8 applicant can be denied if they do not meet all the landlord's criteria for renting his or her unit/house/apartment, but that same criteria must be used for all applicants, they (Section 8) cannot be held to a separate set of standards from all other applicants.A landlord may deny a Section 8 applicant based on a multiplier criteria that requires any applicant's income be a multiple of the rent, such as, income should be 3 times the amount of rent.