Down to 5.0% in Nov 2015.

Let me try to give a real world experience that may provide some conclusion as to whether or not owning more properties provides greater protection.I’m going to use a duplex that I purchased in city of South Minneapolis back in 2014, that I self manage.I purchased the duplex for 180k with a fixed 5.25% for 30 years with 25% DP and 3% closing costs.Let me point out some of the specifics of the duplex.The windows, furnaces, water heaters and HVAC were brand new as of 2012.I have put 5k into unit #2 for renovations and 3k into painting the house due to a violation of lead order by the City of Minneapolis.So keeping those upcoming expenses in mind for the near future, suppose two investors have 50k to spend which is to be used for closing costs, DP and realtor commissions.Since I paid for closing costs with cash, I’m not going to roll them into the loan for this example.

Snap together type is 100% waterproof (trafficmaster allure ultra brand) and can be taken up and put down again if necessary. 

The cost approach estimates the cost of replacing the subject and is generally higher than the market value (insurance companies use that to over insure you, LOL) but don't forget to apply depreciation to the cost approach bringing in the difference in age of an existing improvement to a brand new one, look up internal and external obsolescence as well.Many here only consider the income approach when buying a rental, I suppose you can do that with a pig, but when you buy you're buying at market value, so the sales approach should usually be weighted more in the market.

Hi Keith,I've built lots of brand new duplexes and if you can buy the land right you can make a lot of money.

All brand new Heating and A/C for a house that size would cost $3-5k for me if there was no need for new duct work.

He certainly thinks outside of the box and some of his strategies are innovative but I don't fully understand others and I like to think I am fairly smart.

I have no idea what the previous tenants did to mess this up (microwave was brand new when they moved in) but I ended up having to throw away the appliance and replace it (took it out of the security deposit and didn't hear any complaints, so chances are they knew the "present" they left behind....)

If you are unfamiliar with design features in this price point in your coastal area of FL, might I suggest you hire a consultant or designer (make sure the designer is an investor at at minimum, investor experienced as many designers love to pick expensive name brand stuff that you could easily make the same look at half the price).Hattie's list is good and outdoor kitchens are a must in coastal areas like yours and mine.

Nothing like ripping off brand new drywall to add insulation.)