If your example house rents for $3000 (as shown by comparable rentals in the area) then multiply by 50 to come up with the max you should pay to see positive cash flow.

In 1936 (maybe 1934) Fannie Mae was started to create a 30 year fixed interest mortgage market. 30 year fixed, fully amortized will drive up prices compared to a rolling 5 year commitment.Roll forward a bit.

The net result is a very low return on investment.If I compare it to property I own in Dayt0n Ohio where I can be all in to a 3 bedroom one bath in a working class neighborhood for under 25,000 ( and in some cases 20K) The rental income is $625 monthly and the taxes and insurance average less than $125 an month this leaves 500 a month to cover property management , vacancy , and maintenance .

Please read to the end so we can compare details.I know that you need to login more than once depending on what you want to do.

A commission is small compared to your potential profit.

Filling out the Home Buyers Check list during the inspection process of attending an open house, can assist you in evaluating, recalling and comparing different properties you visit, while searching for your next home.

For those who have only used the new site how does it compare to other social networking sites in terms of navigation and other things you have come to expect from Facebook, LinkedIn or what ever site you also use.

You can maintain a powerful position over each property, you don't do the work and you have relatively limited risks compared to other forms of REI.

I would like to hear from my fellow New Yorkers so we can compare notes and follow the laws and trends effecting our investments.

In other words you would have to compare 3 houses to one triplex to be fair.