Notice that this does not apply to deals that are in distress with above-market (high vacancy) or below-market rents as you have conceded.Since you are so hell-bent on being precise I am going to nit pick your stuff to death.

I'm torn - do I suck it up for one more year to beat cap gains taxes and then buy a bigger better house, or add another bed and bath and whatever else I'd like to my house and stick around for a long while?

But the draw backs are not having the income from my current job and also lack of benifits.I just feel like the days pass by so fast but I can't get anything accomplished because by the time I get settled in at home its 7-8 pm and i relax for an hour go to bed and get up at 5am :protest: So its almost impossible to find the time to do anything more then read books, articles, check listings every now and then...etc

The house 3 Bed, 2 Baths. $160,000.

If it takes a 1.4M prperty to generate 8800 GOI, I would be seriously concerned that my 50% calculation wouldnt be enough. 4400/month expense estimate to maintain a 1.4M property would make me mighty nervous.Anyway, this thread has been beaten to death.

Is the house cleaned out after the death?

He says he finished the attic, added beds and a bath, house is now 1900 sq ft.

Title to property is protected from things like Tax liens, Judgments, divorces, death, and other "life problems" that people get themselves into.

20 Unit Brick Apartment, Pitched Roof (new x 5 years) Separate metered utilities (owner pays none)All electric central air/heatNo Vacancy, waiting list to get inDebt service: Asking 750,000 Get for 680,000680,000 at 10% down 7.75% 30yearYear:2007Scheduled Gross Income:$125,400 Vacancy: $3,000 (never know) Effective Gross Income:$122,400 Maintenance: $8,000 Taxes: $2,809 Insurance: $8,000 Management/Grounds/Misc: $18,502 Total Expenses: $37,311 Net Operating Income: $85,099 Debt Service: $53,573 Pre-Tax Cash Flow: $31,526Monthly Per Unit Cash Flow: $138.202 bed 1 bathNo.

I would just take that out.Now its back to bed for me.