One is for cashflow and the other is for longterm equity.My stock speech is this:The main difference between rental RE and any other form of investing for us mere mortals who aren't hedge funders is that this is the only market we can take serious advantage of borrowing leverage.

Number may be closer to %30   not the %34-%39 shown at the bottom6 plex BUILDING PERMITS   (  $97,200.00  single $16,200.00 UTILITIES $0.00 $500.00 EXCAVATION $24,000.00 $4,000.00 GRAVEL $2,500.00 $416.67 CONCRETE PUMP $1,750.00 $250.00 CONCRETE $18,000.00 $3,000.00 FOUNDATION/CONCRETE-LABOR $9,000.00 $1,500.00 CONCRETE CUTTING $750.00 $125.00 SEWER CONCRETE FLAT WORK $12,000.00 $2,000.00 FRAMING LABOR $21,000.00 $4,947.00 ROOF TRUSSES $14,300.00 $1,831.67 BUILDING MATERIALS $70,000.00 $19,128.40 WINDOWS & SKYLIGHTS $8,500.00 $1,419.38 EXTERIOR DOORS $5,400.00 $1,050.00 ROOF COVER $16,800.00 $2,800.00 GAS FIREPLACE $6,000.00 SIDING LABOR $13,115.00 $2,185.00 GARAGE DOOR $4,914.00 $819.00 GUTTERS $2,400.00 $525.00 PLUMBING $30,000.00 $7,000.00 HEATING $30,000.00 $4,800.00 AIR CONDITIONING $0.00 NEST THERMOSTAT $325.00 GAS BBQ GAS DRYER ELECTRICAL $21,000.00 $4,000.00 MASONRY $3,000.00 $500.00 INSULATION $12,000.00 $2,735.00 SHEET ROCK $21,000.00 $7,100.00 SHEET ROCK GYP BOARD $750.00 INTERIOR TRIM $16,500.00 $2,500.00 TRIM LABOR $12,000.00 $2,500.00 SECURITY SYSTEM $900.00 FINISH HARDWARE $2,400.00 $350.00 UNDERLAY LABOR $1,500.00 $250.00 CABINETS $24,000.00 $4,854.40 COUNTERTOPS $11,100.00 $1,850.00 MANTLE $1,200.00 TILE $9,000.00 $1,597.80 VINYL AND FORMICA $3,000.00 $207.43 HARDWOOD FLOORS $6,600.00 $1,138.10 CARPET $13,000.00 $2,110.10 PAINTING $25,200.00 $5,359.25 WATERPROOF DECK $0.00 $0.00 KITCHEN APPLIANCES $8,400.00 $1,400.00 LIGHTS $3,000.00 $500.00 SHOWER DOOR &MIRRORS $3,000.00 $790.00 FINAL CLEANING $2,400.00 $400.00 PICK UP.

We replaced 19 roof trusses, installed a new roof, removed the drywall down to the studs, and replaced everything except the showers/tubs.

I found a Chris Gardner speech link.Chris Gardner Motivational Speech

He said he could do the roof for about 5k  for the half taking out the skylights or 10-12k whole new roof either way re do the framing or truss that was affected by the leak.  

Of course we do give renters the speech and accompanying paperwork explaining there is no known lead issue but because the building was built before 1978 the potential is there.Other question I have is how much it will affect rental income, potential tenants and the marketability of it if we want to sell it. 

Despite, the clear objection to my speech, God provided me with words that would change my real estate career forever, “Choose my priorities and don’t do this alone”.

With a membership to that REIA I can go in and see the speech that they taped and uploaded.

Banks and brokerages were paid up front for creating loans while being temporarily insulated from the aftermath of failed loans.The expansion of mortgage products that popularized interest-only loans, only-adjustable rate mortgages, interest-only adjustable rate mortgages, even negative -amortizing “option arm” mortgages that allowed borrowers to actually increase their loan balances, rather than paying their mortgages down.Second-lien purchase mortgages that allowed borrowers to escape both mortgage insurance and a down payment.The loosening of credit standards that allowed borrowers with poor credit, few assets, and/or no verified income to buy homes they would not be able to sustain.Public policy and presidential speeches which created a demand for home ownership even among those who would not ordinarily qualify for mortgages.

(Not only will public records identify the lender, but in many cases will show you what they lend on and their terms)Ok, so there's my quick soapbox speech.