The expenses for each should be estimated, line by line, and item by item from the ground up ... after all, when you check out at home depot or ask a contractor for a bid, they don't ask what the place rents for before they calculate the bill, and neither should an investor :) ... and also a friendly reminder of a previous point made: cash flow is an important thing, but it is not the only thing ...

Perhaps I could remind him of that if I know what it means.

It's going fairly well- thank you for reminding me.

This gives you a reminder to inspect and raise the rent, which I suspect you have not been doing.

I have been thinking about this idea since last week and also was reminded of it while currently being a passenger on Rt 93 with a tiny bit of snow on the ground and everyone causing a collective 30 MPH speed limit…I wonder how many massive financial events are actually dominantly caused/accelerated by collective fear and contagion instead of actual economic factors…What do you guys think about contagion?

We ended up finding a duplex that had been vacant for 3 years and purchased it for $60k (reminder this was the middle of nowhere Kansas). 

Whenever I run the idea of renting out rooms, my wife kindly reminds me about stories like this. 

This reminds me of something that happened to me.

------------------------------------------------Reminds me of an old New Yorker cartoon.

@Johann Jells Your post reminded me of a quote by Warren Buffet who said "You can't produce a baby in nine months by getting nine women pregnant"