I own this property for over 14 yrs.

The current term is $184,900, 10% down, 7.75 %, 5 yr ballon, 30 yrs amor.

I am 20 yrs old and from Boston. 

Here's what I have calculated:1) Total interest on rental property mortgage loan will be $104k for 30 yrs.

While the eviction was 14 yrs ago, how many landlords on here do you see making deals to get the tenant out that result in the eviction not being filed?

Other facts about the house: Sales price $125kBuilt in 1974, but burned down in a fire in 1995, so foundation is 40 yrs old, but house is about 20 yrs old. 

Here are the rough numbers on one of the houses, both are similar:Total investment (acquisition, remodel, carrying costs) - $200,000Current value (after netting out selling costs) - $270,000Potential Rent - $1,500/monthI can do a refi and get my $200K back out of the project, that leaves me with a mortgage payment of $1,400 including taxes and insurance (assuming 30 yrs. at 5.5%). 

Anyhow I have about 10 yrs experience in that field, so i can go on and on.Regardless hopefully I can get to learn this side of things and hopefully cross over soon.

Most mortgage have little affect on principle in the first 10 yrs, so compare that to the estimated current value. 

It’s also in a city I know very little about (Norfolk, VA) here are the numbers- I welcome your thoughts/ insights:$259k - sales Price (4- unit building fully occupied)$1460- total mortgage payment (after 25%) down $305- Property Management Feee (10%)$105- trash (total water is $315 p/m but seller bills water to tenants and has it written in the lease)$60 - lawn careTotal rents are $3050Owner says monthly expenses are low.The best case scenario is net income of $737 assuming $400 extra monthly expenses (for worse case scenario unexpected expenses which always come up) and assuming all the tenants pay their rent.Positives- - Seems to be a good cash flow if expenses are kept low and everybody pays- 4-plex is located in an 85% residential area- building is ok condition (built in late 70’s) except roof is 18 yrs old- all tenants are gainfully employedConcerns- while the neighborhood visually looked fine, according to crimemapping.com its a moderately high crime area.