Once they violate those rules, its purely business.

Can’t see any joy behind this.I am trying to get out of contract with property management and that in itself is a pain after I spend $7000 for move in for minor things and tenant being there for only two months not to mention countless hours while under property management.I would say that stocks have been great to me and have to do nothing.

A couple of rules I have been trying to follow is at least $100 in pure cash flow per unit, as well as a 10% CoC return.

After your expense plus your escrow funds the remaining amount is your pure cash flow.

Assuming if you just break even on cashflow, there are tons of other benefits for you where 30 years later you paid off the property and just eat the rent for almost pure cashflow.

The willingness to help a beginner from Bigger Pockets is making it even more exciting to get started.Wishing you all the best for 2023 and beyond,Ben LFG @Matthew Kwan@Carlos Valencia we're a real estate that is focused purely on mortgage planning for the investor.We're actively invested in multi-family projects ourselves. 

I supposed I’d rather pay for a higher home price than just pure interest. 

After a year, buy another to move into and turn your first into a pure rental.

If you are thinking of getting an investment property here, you will be underwater on cash flow and purely banking on long term appreciation.

It sounds like you made a solid acquisition and were able to learn a lot purely from the process of making this purchase.