At your purchase price of 238,000 after your 15% down you are looking at a loan of about 195,500 which at a 30 year 4.75% loan your monthly payment is going to be -1,015.8 or -12,189.6 per year.NOI: 10,389Debt Service: -12,190 (Rounded)Cash Flow: -1,801 per year :(This is the cold hard truth of math.  

So check the big ticket items carefully and make sure they are at least functional at the moment.

Maybe you could get away with that in some markets but most NO way. you will end up in the situation your in.2.

Please use CL image upload for up to 24 images.The HTML below is generally supported in paid jobs and tickets by dealer posts.

I tried again later with starting my own internet business after thinking that well I have an associates in multimedia and just got these 2 free tickets to a start your own e-business seminar.

For example - round numbers:  Let's say there is a duplex property for sale for $300,000. 

Hi again,Sorry I wasn't clearer- we charge the same rent year round, I just have the utilities factored into my costs.  

the good thing about the portland market is it seem you can get away from the high prices in 30-45 minutes in about every direction! 

Let's take funds for example on a primary residence you can get away with as little as 3.5 percent down with FHA ( there are also zero percent down options) whereas an investment property the downpayment will likely be anywhere from 20 to 30 percent of the purchase price.

@Dallas Knoll ok so you can probably get away with this but it's not legal.