What an amazing transformation for such a small investment.  

This is what we use: Purchase price = ADownpayment plus closing costs, furniture, linens, supplies to get going = BYearly Utilities, taxes, mortgage payment, insurance, housekeeping, replacement furnishings and supplies, maintenance and repairs = CYearly Projected Gross Income = DEquity = ED needs to equal or be greater than (B x 10%) + (C x 10%)If A appreciates in time, that's a bonus, but not expected The longer we own it, the more E we have (not sure how to calculate this), also a bonusOur time is a factor that needs to be considered, it is not passive income, it's active.

And the wisdom that I have gained is this: Those who are wealthy can be poor within, Those who are poor can be rich within..It is the spirit of transformation that can change the course of one's destiny.

I used to be totally gung ho about taking foreveer to pay your mortgage off and investing the money elsewhere instead of merely paying off the loan and saving yourself whatever interest you're paying.Then I read a course by John Cummuta called Transforming Debt into Wealth (and no, I'm not selling it) and it totally changed the way I look at the idea of paying off debt.

I definitely know what you mean when you say that the area has transformed drastically over the years!

Why Real Estate, that is very simple to, I love transforming something that is ugly to something that is beautiful.

Thankfully, I found BP since then, and my world has been transformed.  

As most of you know, our newsletter has undergone various transformations over the past months/years.

What I do hear from clients and investors frequently is that they purchased XYZ Program, usually under the pretense that it will be life-changing, transformative information (or because it is branded with the name of a successful investor) and found themselves feeling "buyer's remorse."

To me it looks like this property was actually transformed from a single family to a multi-family.