This knowledge saved me money.Secondarily having turned the unit into an Airbnb it showed me the value of the untapped short term rental market which wildly outperformed the primary rental market and gave us flexibility over tenant selection What was the outcome?

This knowledge saved me money.Secondarily having turned the unit into an Airbnb it showed me the value of the untapped short term rental market which wildly outperformed the primary rental market and gave us flexibility over tenant selection What was the outcome?

You are correct that year 31 mortgage payment would be zero. 30 years is a long way to project (WAG wild *** guess), but if you want more just input the numbers from year 30 into the calculator using it as a all cash purchase,

These pitches are almost always wild exaggerations or examples of successful deals that are relatively rare and require knowledge, experience, capital, longevity and luck.

@Dee Dee Huey Impossible to say, CAP rates vary wildly by property type, class, market, neighborhood, construction grade, etc.

. $300k for $800 in rent is wild.

This is tough for families to make work, especially when they may already compromising on location. 3) This is the big one....buyers often have wildly unrealistic expectations about cash flow when buying a fourplex to live in.

Using your numbers above (which don't include all expenses or income, just a demonstration) and taking a wild guess of a 13 cap rate (don't use that number without verifying it), the net income would be $ 834/month x 12 = $ 10,008. 

From what little I know, and I could be wildly misunderstanding something, but it seems I could try to find some blend of a portfolio loan and owner financing; but would lenders consider that for a new guy?

I'd recommend attending the Friday morning RPOA breakfasts at Cheshire Kitchen, the free conference in February, or the Monday nights at Buffalo Wild Wings.