- Ola Note: Unequivocally, there are variations to this strategy, so this is just a simplistic version (no closing costs and/or fees).

The point is your model is fairly simplistic and is missing many of the variable that would effect the real outcome.I'm with @Cara Lonsdale on this one.

Let me put it in a more simplistic approach.

This was built more for finding bp(m) podcast that may be up your alley.Given the data it its a pretty simplistic search.

The current tenants are month to month based on a very simplistic lease from 2010 and have never had a rent increase. 

But you can make some intelligent guesses about some of that.Just very simplisticly, if you look at the lease you're getting $120k on a $650k investment.

I have a pretty simplistic point of view... pretty much anything you own around Denver is going to perform great over the next 30 years.If you want, I can send you some examples of deal analysis around the Denver market.

Focus on a more simplistic approach.At your current stage I would look for a great realtor, lender and insurance agent who all own rentals and specializes in this industry.

The problem is that the stereotypical Potter or George in a simplistic movie like "it's a wonderful life" was not representative then or now of reality.Slumlords then and now still make the highest returns since they deal with a client base that is only suited to slums.

In both situations after 1 year you are down $1200 out of pocket...and the first situation is actually better if you take into account time value of money.Obviously a very simplistic example and there are tons of other factors involved...and lots of assumptions to be made.