Good area with growing population.I'm assuming 10% vacancy rate, 6% property management.

So now you have $3,400 MORE to invest every year after the first year (the $3,400 actually grows by 3% every year but I’m not sure how to compound the difference) In 15 years that’s another $110,000 and in 30 years $450,000 at 8% yield.

Hopefully none, but as your portfolio grows, you definitely do have evictions but you never know which unit will be involved.

think of it on a larger scale.motorola - for example - if they refinance their corp headquarters to draw out capital for a project or just to boost up their cash accessibility, or for whatever reason - they're tapping into one of their many assets, converting equity into cash by taking out a loan (liability) in order to somehow grow their business.the corporation does this - not any one individual.

My area is starting to grow.

There will not be explosive growth in our downtowns until populations truly grow.

Later on when you grow you can always set up a corp.

We're looking to start an investment portfolio by finding a way to make good/great money on a first deal and growing steadily from there.

drweltman,If you are still sitting on that property, then I would recommend rapidly lowering the price to get rid of it.

As your portfolio grows, you will need many entities.Good Luck,Mike