So you would look at it as if you were the 2nd renter in the equation.

Either way, with 20k & no debt soon, and you raise the score over 700, to me that math equation equals heavy success.It’s all on you man, so stay focus, and surround yourself with people doing what you wanna do, don’t reinvent the wheel of their success ok.

If people factored in the costs to operate a property as part of the purchase equation, then perhaps they would be able to compare apples to apples, but that's just not how we value property these days.

This equates to 7950 in payments on the loan, but about 4500 of that will be off the principal. 

The biggest difference I've noticed in these smaller markets is the smaller buying pool which equates to more time on market before you close. 

You need humans involved in the equation to get the more accurate picture.3) The book talks about buying a property for 20% discount, and by adding 5% it should appreciate by 10% in 1 yr.

Psychology is often half the equation if not more! 

Still didn't really solve the equation of wealth building or my 'fix', My motto is "Rentals and REIT's".

I do want to move into a new home and have another baby within the next 2 years, so I need to factor that into the equation as well. 

I would like to know what is the equation, or metric that I should use to judge one potential project vs another in terms of cost and the potential increase in revenue that money should create.