It started to snowball from there.The second contributing factor is that I have begun buying rentals again.

I figure if I dont factor in cashflow for right now, the numbers work, and I assume rent increases by the time I plan to rent it will give me my desired cashflow.Please just help remind me what steps to take and what not to forget...

They don't have a Blackberry app (not too sure who would really invest in creating one nowadays), but they have an iPhone app in progress according their their feature request forum.It has an integrated general ledger among other things (balance sheet, income statement, etc.) , can track/assign tasks/work orders, allow tenants pay rent, you can pay vendors and property owners, etc.

Yeah, I always factor AC/heater, foundations, or roof repairs separate from the rest of the costs, as they completely change the game.

*Can anyone provide some solid, successfully traditional mathmatical formulas & some key strategic factors when analyzing first time multi-family properties?

It really depends on hundreds of factors.

These are the key factors you need to be sucessful in the model you propose.In addition, simultaneous closings (where you use your end buyer's funds to close your purchase transaction - using buyer C to close the A-B transaction) are very difficult at best these days due to the many law changes and the title companies not insuring the transactions or willing to perform such transaction.

I dont have a strong understanding on "delinquent condo fees" and how that plays a factor in investing in a condo.

The other factor is that banks want to see the borrower have some "skin in the game"...when you are 100% leveraged on a property (even one where the value is significantly higher than what you purchased it for), it's pretty easy for you to just walk away on a whim.

All these things factored in would seem to make it difficult to compare yearly income to purchase price.