I get the #s have to pencil but i'm asking PURELY from an area perspective, would you buy a rental home (get that some on there are focused on multifam) in this area?

Anyway, my sis and I just bought a $330K property in Elk Grove as her first home, this is managed by a PM and looking at the math after all expenses & mortgage, we have a small gap but between me and her It's not too bad ($400) as the primary goal is for her is to own a property and start investing (she's considered a high income earner) between this change in mindset win, tax benefit and the joy of owning a piece of the American dream having a nice 3 BR 2.5 bath in Elk Grove were happy, this is our first investment property, we own a house in San Leandro.

(I am purely modeling this after the personal home we all ready built, 25% maybe a bit high considering you are doing it and having 20%, could be the difference in area).When it comes time to roll it into the mortgage I want to have a LTV of 60%, so I would bridge the gap between the 20%-25% and my target of 40% equityThanks for your comments!

Using the 50% rule as a quick shortcut, you will see that half of the gross monthly rent of $500 should be reserved purely for expenses.

My convictions are purely personal.

All joy, right?

If history is any indication, you should conservatively get $500/month in additional cash-flow just purely from rent increases over 10 years.  

I need a new view on my money and to understand it's power and joy, and to not get so hurt about parting with it.

Don't say what you think, say what you know.. i hate it when people get emotional or talk too much, it's a real estate transaction.. pure and simple!

They think it's all just pure profit.