Also, the price point in Rockville can vary dramatically by neighborhood, and understanding the school boundaries. 

As our screening process has become more strict, our quality of tenant has improved dramatically.

Once you boost the income a little, the value of the park grows dramatically. 

For that reason, it really depends on what street/block you are on - the price differences can be pretty dramatic.

I read that same book last summer, and not to be overly dramatic, but it did change my life in that we are soon closing on our second multi-family rental property. 

The money at the end, even with 5%-9% Cash on Cash ROI, is spectacular from my perspective.Getting that ball rolling is the key...So Property 1 (here is where I ask my questions)...Buy a Foreclosed or Dramatically Reduced (Not in this market) PropertyIf we can pay cash at this point, we should, I get that bit, but CAN this be financed through a bank?

More than five years before the payment increased dramatically would be helpful though. 

If you make a mistake, your losses and problems can dramatically increase.

Im from the city and the neighborhoods change dramatically based on the block so just something to keep in mind.Talking with a RA is a great start in getting more concrete numbers on comps. 

In the few years afterwards, maintenance/capex goes down dramatically.