As for condos, I am not generally a fan of condos for several reasons, but I recently considered bidding on some at auction.

"Getting the banks eggs in with yours into the same basket" is nice advice, except that the bank has far more backup than your $500k, and far more bailout options when the **** hits the fan - whereas all you have is those properties or whatever's left liquid of your cash.You say you've lived overseas (still are), and plan to use PMs, so I'm assuming you're not planning to be hands-on.

I'm a big fan of the small multifamily properties - if you can find a good deal on one.

I'm a big fan of adjusting while in flight.

Let me play devil's advocate and fill in some guesstimates for additional expenses, vacancy, etc.Rent 40,080 3% Vacancy/Credit Loss 1,200 OpEx:Advertising 300 Insurance (fire and liability) 1,200 Lawn/Snow 300 Repairs and Maintenance 2,400 Taxes - Real Estate 3,600 Utilities - Electricity 500 Utilities - Fuel Oil 1,200 Utilities - Sewer and Water 600 TOTAL OPERATING EXPENSES 10,100 NET OPERATING INCOME 28,780 Debt Service 802 CASH FLOW 27,976 Cash-on-Cash 7.44%I must tell you that I'm not a big fan of cash-on-cash as a metric, because it doesn't take into account time value of money -- it assumes just the first-year's performance.

I also am a huge Dave Ramsey fan and working through the baby steps right now.

That is in the median of avg home buyers, looking at young first timer or young family.I got 1960 ceiling fan brass and low ceiling.

I'm a big fan of full cosmetic rehabs that bring the house together and make it uniform throughout.

Use a fan to circulate air, and open a window for a little bit each day.

I'm typically not a fan of change in general, but this one seemed especially unnecessary as I thought Tempo was a very well designed and thought out system.