Gonna steadily rob you blind my friend. 

Blinds.

Ignoring 3/4 (or 4/5 if you include inflation) of the profit centers is also something you should do at your own perilThere are none so blind as those who will not see.Bryan, you are mixing up two totally different things.The 50% rule tells you how much of the rent will be consumed by expenses, capital and vacancy.

But looking the deal that seems to be slapping you in the face, I have to re-comment on what seems to be some blindness due to greed.

I am moving blindly to Austin in October pending my separating from the military!

Hi, I'm Cory, newbie from SF Bay AreaI have a professional background in vision and blind rehabiltiation therapy, and work part-time, primarily with veterans and active duty military within the SF the Bay Area.

I'm assuming we need to hire an attorney to draft up an agreement, but don't want to go into this blind. 

Hearing someone else's story is a good way to feel more familiar with it without having to take the plunge blind. 

Its not really something you should blindly wing and hope for the best. 

HOWEVER, I deliberatetly make consciuos efforts to SLOW it down as it tends to blind your reasoning power when investing....To put it mildly, emotion is NOT good for investment decisions.....Its like making a decision after a couple of drinks.....You need crystal clear head and mind to make the right investment decision....Congratulations on your decision to invest, but, slow it down.......My one cent!