Had a partner, who owned 2 duplexes and I just bought 1 from him for 140K (rents are total 1650/month), because I'd like to control the whole complex.Most are in their late 20's or early 30's.

. :)  then it just starts to go down hill.also many times these high flyers are very late to change their lifestyles.. and that adds to the cash flow stress.I mean I was totally stressed in those days I got wrapped up in a Civil rico with one of them..

I am a total newbie to real estate but my background as a CPA has provided me an advantage when it comes to tax planning and deal analysis.

“Never in history have there been more eyes on fewer homes than today.”The housing market has seen a 7 percent decrease in days on the market from last year to 63 days, and total listings decreased 8 percent year-over-year to 1.29 million.

Lad purchasing is totally different.Conventional conforming loans dont apply to land.In my experience land requires a minimum of 25% down, a maximum of 20 year terms and rates will run half a point higher.

Hi  everyone First time using the BP calc , so perhaps I am just not understanding BP method or I am miscalucating however ,, I input a home's data points with all associated costs and the complete  loan amounts, points, fees etc.When the results came back , The ROI was based on the total project costs.. i.e.  

Now I have a total different view. 

. $2550  total monthlyTaxes were $2k last yearOwner has owned for 2.5 years and is moving out of state, was living in the now empty unit.Purchase would be owner occupied either FHA or conventional.

@Wilson Lee Thanks so much, and it totally makes sense.  

Per the analysis, their monthly total was $3236, at 45% tax bracket, that comes to around 1460/month.