Little snowballs now will make avalanches later.

Take the value of the property (lets use the 1 mil property again), subtract the land cost ( we will say 250k), then divide by 27.5 (which is the number of years you can depreciate the asset over, then multiply by the income tax bracket you are in (let's say 30%).

This is a game of patience and time is the ultimate wealth multiplier. 

Just now, tenants are starting to move, and it feels like an avalanche. 

Quote from @Michael Moreno: Quote from @Salvador Ontiveros: I think paying down the mortgage should be demoted from your priorities, at least in the traditional sense.look into what you can do with that money as well as OPM to multiply those funds.

Lets say the Gross Multiplier is 13 and you raise the rent only $25.

If you want your own office you can do so too, and build your team and make money with your team and empower your team to build their own team so that you multiply your efforts on training your team and sells.

Multiply that by the national average commission and you will have average GCI per agent. 

I'm looking at a Duplex in Texas, obviously since i'll be using an FHA loan, i'll be living in one unit for at least a year.Property type: DuplexPotential Offer: 180kPITI: $1455/monthCurrent Rents: 875 per unit (1750/month)Water: Tenants pay $70/month for waterElectricity: metered for each unitTaxes: $4100Repairs: Advertised as being is good condition but i won't know repairs until I have the property inspectedProperty management: 10% or 175/month (i'm guessing the management is going to be around 10%, i have to do more research on this)GRM (gross rent multiplier): I'm told by my realtor that the current GRM for the area is 9.28 (based on annual income, not monthly income). 

@Dan Zaccardi Take the population of a town, multiply that number by itself, then add to the result the population of the town and then divide the result by the population.