Spoiler alert, it is not $50K pus 5% per year. 

Thinking, Fast and Slow by Daniel Kahnemanextremely important book in understanding how humans make decisions (spoiler alert, we are universally bad at it and don't realize)

Freeman and slave, patrician and plebeian, lord and serf, guild-master and journeyman, in a word, oppressor and oppressed, stood in constant opposition to one another, carried on an uninterrupted, now hidden, now open fight, a fight that each time ended, either in a revolutionary reconstitution of society at large, or in the common ruin of the contending classes.Come on, Bryan...warn us with a spoiler alert next time!

Hey Guys & Gals,Spoiler alert the new guy I was talking about is me so don't do too much sleuthing to try and solve the mystery.

However, what they found out is that by just participating in the market, SPOILER ALERT, they were helping out Wall Street. 

I found this article which may help you with important questions to ask: https://www.fool.com/millionacres/real-estate-investing/rental-properties/can-hoa-restrict-rentals-spoiler-alert-yes/#:~:text=An%20HOA%20cannot%20impose%20rental,the%20good%20of%20the%20community.2. 

., and understand the extent of the closing costs in our area (spoiler alert: they are on the high end relative to the numbers you might be used to from the BP podcasts). 

Spoiler alert, I am a BIG DUPLEX fan but I live in TEXAS where they are very abundant!  

Spoiler: investor gets principle pay down during time agreement is in place. 

In fact since the rent laws have changed in NYC (spoiler alert: not in the landlord favor) this exact scenario is paying out.