But being the one really nice unit in an area of more modest units isn't going to command a premium.

By the way Bryan, if you know Bruce, you would know that the words used in what you quoted is Bruce just being the modest man he is.

After conducting heavy research into real estate investing and after being more that satisfied with receiving passive income every month we realized that this could not only be a source of income to help us cover the cost of our newborn daughter's impending private school and college tuition, and later down the road a path to financial freedom and possible early retirement.Right now with our first property we are currently faced with an important decision if we pay off all of our current student loan and consumer debt it would free up an additional $2,000 that we can save for future investments.

Dralan, while there is plenty of general information on BP, i will suggest you be very careful with the information you consume here or elsewhere.

Apparently, you have to click through to each thread again to make the alert disappear from the page....very time consuming.

E's (and ongoing monitoring), is time consuming and costly.

Time consuming?

Hello JonPlease tell us how you handle today’s problems with the Safe Act and consumer finance.

One great rule of thumb is the 50% rule. http://www.biggerpockets.com/forums/52/topics/17612-where-does-the-5-rule-come-from-This states that over time, all of your expenses (vacancy, property tax, management, repairs, CAPEX, insurance, advertising, etc, but not mortgage principle and interest) will consume roughly 50% of your gross rent.

Kinda hard to have a strong consumer economy when there is nothing being sold to generate the income to buy.