How much allowance do you have for; vacancy (which you will have as soon as you announce a 10-20% rent increase), major repairs-you don't mention the age of the roof, HVAC, any appliances, trust me, flooring is a small ticket item comparatively.4.

Last Year at the age of 19 I decided to go back to School and finish in order to grab my diploma and proove to myself no matter what you can always push yourself a bit further.Luckily I was born with a good head on my shoulders and despite being abused I always knew I could do great things in life If I just belived in myself.After atending various seminars ie Anthony Robbins and Dr John Demartini I started to get the crazy idea that at the age of 20 I could outshine every single other teenager/young man and really live a passion filled worthwhile life.So I've decided that this year I'm going to go full throttle into investing and make a great life for myself and one day future family/friends.However I have a major problem and this is where my ' Tough Question ' comes from.I've worked various jobs and because I never held myself to high esteem they were always bottom of the barrel, retail or temp jobs that usually had a manager who treated you like dirt thus giving me a really nasty taste in my mouth for ever wanting to work again.To be frankly honest, I dont want to ever work again.

I also think he is more focused on getting us to age 65 with built up retirement accounts and everything looking good on paper.

Some general facts to consider about me: 1) Age: 25 2) Located in Houston, TX 3) Current net worth: $173,000 4) Debt: Primary Mortgage, no credit card debt 5) Income: Salary from work is $63,000 plus $1,500 a month in rent that I am currently getting from friends on a 3 bedroom condominium. 6) Liquid assets: about $15,000 worth of gold and silver at today's market price, $62,000 in liquid stocks that are not in a 401k or IRA.

What age the homes are, what they rent for, etc.I would never subscribe to any 50% rule because I just think there's something inherently wrong with assuming any expenses based off the rent amount.In one area, a 1,500 sq ft house may rent for 1,350.

I'm currently learning everything that I can to start accumulating my own wealth in RE investment, however this post isn't about me.Let's say that "John" (age 63) has $1,400,000 saved up in his 401k and is not planning on retiring from his extremely secure $150k per year job.

My concern is with the age of the house are you able to rehab and sell the house even if the wiring is not up to code or if you have any lead paint issues?

My tenant is a middle-aged Hispanic woman.

If you compare the two properties (the one in Texas with the one in Alabama), the cost to rent ratio is huge, At first glace you can tell that from a cash flow perspective, the Birmingham property is a sure bet, however there are many other factors that would show that in the long run, the Texas property may turn to be a better long term investment ( Age, neighbourhood, type of renters, potential appreciation, saleability, etc).Many times where you have two different properties in two different states that rent for a similar amount, you are still comparing apples to oranges for the reasons mentioned above

I wish I started at your age.