Originally posted by @Travis Lemley:They will most likely vary significantly with flips being more expensive. 

They just put a new roof on, so that's one large expense I can budget less for early on.

I paid $62,000 for it and it's generated me $1,000/mo net cash flow like clock work ever since.

Once you go above $125k/unit you start to get into the high end areas that won't have very good rent/price ratios and are under the 1% rule mark for turnkey stuff.Neighborhood wise in the city the "East End" is where the most expensive real estate is since that's where the universities and a lot of the hospitals are located.

Personally, I use pooled accounts: one for all rents and property expenses*, one for Security Deposits.

a lot of people will poo poo this, but I also live in a market where cash flow is low, property taxes are high and properties are expensive (which is a relative term).

My problem i is my market is super expensive if I stay in the nyc area and I don’t have the confidence since I don’t have any actual experience to invest out of state do you guys think paying off my mortgage would be more beneficial than looking for more rentals .

((They would want this anyway to get their furniture expenses back and guarantee a profitable period.)) 3.

Since you’ll be saving your own living expenses by living in one of the units as required by the VA (to the best of my knowledge.) pretend you are paying rent and it should make your numbers look much better. 

Rising maintenance costs, turnover, Taxes, and other expenses will also contribute to this.