Add on taxes, insurance (this is hurricane territory, remember, and certainly in a flood zone, too), maintenance (they may have built roads and houses but this is ultimately a swamp), and property management (typically 10%, plus more everytime you have a vacancy), and you're certainly looking at close to two grand a month.

In other words, why pay to reach a 100 mile wide radius when you only focus on one tenth of that and have no realistic expectation of someone driving across town for your product/service unless it is REALLY unique.If radio covers enough territory (say at least 75% of potential customers) then use a combination.

I'd suggest finding one or two of these at your library or bookstore and giving them a read.I'm not trying to dodge your question, but there are a lot of variations on how this goes.You're into commercial loan territory rather than residential.

It's very frustrating, especially since values are dropping as each day goes by.I guess it just comes with the territory, but it sure is frustrating.Steph

Things always go wrong, but that comes along with the territory.

The people in my territory are too afraid to step out of the box and reach for help.

Some of this cautionary talk goes with the territory by those of us that have been burnt over the years.

you said i should be able to pocket $150-$200, so now i figure another $100 should put me in decent territory.

Well I'm already a landlord - yes it involves some babysitting your renters, but that comes with the territory and I dont have a problem with that.

Or $545/mo, which wipes out the $225/mo negative and puts me in positive after-tax cash flow territory ($320/mo positive).