Also know what it will cost to Buy the property, Hold the property, repair budget for the property and finally sell the property.Thats just the tip of the ice burgh but it will get you started.

With that being said, I'm a hockey fan so I could rattle off 10 teams I follow and the Hawks are certainly one of them!

Bull... hockey. 

If they remained with the $50k assessment, the cash flow would be almost $700 - that would be icing on the cake. 

You must first ask yourself what your goal is and what route you want to take to get there.Personally, I am looking for cash flow first and appreciation as icing on the cake.

To deny climate change outright is foolish.However, the degree of change is so minuscule that it would never be noticed in several lifetimes.Do not be surprised if 10 years from now the media will tout warnings of a global ice age.Just look at history:https://anhonestclimatedebate.wordpress.com/2009/08/02/climate-change-alarmism-timelin/

While he only touches the tip of the ice berg there are several other useful tips as well.If you want to use a bank you must talk to smaller community banks that are willing to portfolio lending. 

Hello,I'm Brian, a 25 year old ex hockey goalie and an aspiring Real Estate Investor from a suburb of Saint Paul, MN.

Refinishing the cabinets with a little DIY sweat was definitely the way to go ... champagne looks on a budweiser budget :) Also totally agree with your philosophy to DIY the small jobs now so you can better manage contractors on the bigger jobs tomorrow ... this is the only way to develop those "Spidey senses" in foreseeing contractor issues around estimates, quality of work, etc.I agree that a backsplash would be icing on the cake.

A background on my first purchase made nearly 6 months ago.Purchase Price: $208,000 (5% down w/ $8,000 credit - First Time Home Grant) Unit 1 (Rented) : $1,250Unit 2 (My unit, Projected income) : $900Projected (monthly) Income: $2150Mortgage/Taxes/Insurance: -$1415 / monthWater/sewer/user fees: -$60 / monthElectric / Gas = By tenantsRepairs: -$170 / monthFix repairs (Furnaces/Roof/Water Tanks): -$50 / monthLess Vacancy: -$215 / monthTotal Monthly income = $2150 - 1910 = $240Cash on Cash return (Money out of pocket at closing: $10,500) = (240*12) / (10,000) =  27.4% / YearThe icing on top: Both roofs for the garage and home are brand new, and the home inspection came through clean.