First, you’ve gotta drop a lot of coin.

No, people are not going to start carrying pockets full of gold coins to transact business.But, from this point forward, the way a real estate investor operates must change.

Then, in 1792 the first mint was created to produce federally uniform coins.

If I want to account for risk that I can't quantify, I do it qualitatively, as -- by definition -- I've already determined that I can't quantify it.NPV and IRR are just two sides to the same coin.

Save your coin for a property.

Building - 4-plex1-bedrooms, 750ftLaundry in basement (not coin op)Storage in basementParkingAsking price: $38995025% down: $97487.50Amount financed: $292,462.50At 4.5% interest rate, mortgage payment would be: $1481/moCurrent rents: $650/unitBased on market, could potentially move to $750-800/unit with some updatingUsing $750 (to be optimistic) - $3000/mo in incomeProperty management @10%: $300Leasing fees: 1 mos rent: $3000/yr or $250/mo (if all the units needed to be leased during a year @ 1 mos rent per)Capex reserve @10%: $300/moMaintenance/repairs @5%: 150/moVacancy @5%: $150/moProperty taxes: $452.83/moElectricity (for basement, laundry): estimating $100/moWSG (currently landlords responsibility): $320/mo (estimated based on Tacoma's pricing)Insurance: $70/moTotal monthly expenses: $2092.83$3000 (income) - $1481 (mortgage) - $2092.83 (expenses) = -572.83/moAm I being too conservative in my numbers?

Risk is risk, smart landlord want to know.Granted if you are renting to C/D tenants screening is no better than flipping a coin.

Robert Kiyosaki has a saying, "there are three sides to a coin".

On the other side of the coin they took care of all the booking for that unit.

Some rain delays have set us back a little on the final grade of the front and pouring the concrete but we should have our CO in about 3 weeks.