So I am trying to figure out how to work within my means.I have always been very optimistic though

@Jack CloughThat's a very rosy/optimistic view of how things will turn out.

Here is the IRR Chart:What Kelvin is saying is that this is the most pessemistic scenario where he will have ZERO Appreciation AND NO CASH FLOW INCREASES due to increasing rents versus expenses.Kelvin can then come up with an optimistic senario, such as add 5% annual appreciation with 2% annual cash flow growth.That would supercharge his IRR.Aside from this, the danger, as others state, is that Kelvin cannot afford the negative 200 per month cash flow.

I'm an optimist so I don't always agree with that.

Behind my crazy/optimistic mind, I also have the ability to think realistically.

I'm being an optimist opposed to a pessimist or, even a realist.

Please bear in mind that that is way overly optimistic as far as rent-purchase price.

Just building the house alone is easily $200/sf, your $150 is way too optimistic.

Perhaps my estimate was way too optimistic, but, I was assuming I’d be able to reinvest money 2-3 times per year.

I used to be so optimistic.