With the tenants' current monthly payments, the property is bring in ~$3900 a month (and their rent is currently very low compared to the area).

I would then compare that with your cost of money.

Sounds pretty good for this area compared to 6% which seems to be the norm.

Where will they go, what will they find that is comparable, etc.The other thing I've found is that many sellers are hoping for me to commit to keeping their tenants.

Don't just compare interest rates, compare costs.

How low is your offer compared to ask price?

Though I have been a landlord for over twenty years now I still consider myself somewhat of a novice when it compared the vast options that are out there.

Now this is comparing ownership, so the rents may be slightly off from there, but should be close.

As far as teaching goes, your right I can make a lot more money tracking down deals but I love to teach and see that person get that first check..If you have kids I would compare it to a boy hitting his first baseball.

We are extremely specific on a breakdown of materials and the different elements of labor.