The paper inside was pure white, 32 pound 100% cotton either from Crain or Southworth.

There is NO expectation of any appreciation and its a pure cash flow play. 

A pure investment of $175K could give you $26K in net income per year.

All in all, it has been very stressful and immediately riddled with problems - but overall, things are coming together, and I am once again reminded that the joys of property management & rental income are tethered by the responsibilities of tenant management & dealing with contractors .

From a 'pure math' standpoint, if you can invest that excess cash flow at a higher return than your mortgage interest, then it makes more sense to reinvest it than to pay off the mortgages.We don't really live by pure math, though.

From a purely logical perspective I don’t see how that would make sense; i.e. by logical extension that would mean all LLCs set up as disregarded entities avoid the franchise tax (LLC = “you under all tax laws”)

BUT, it is a very tricky market to operate in, not to mention that you need significant funds to gain entry.3- tenants who hoard their unit because they are on rent control are purely milking the property owner!

Great idea, much more of an entrepreneurial challenge than pure RE play.

Likewise there are neighborhoods that are zoned purely residential.

However, a DSCR loan will be purely cash-flow-based, so I think that's the loan product for this type of property.