I understand there are probably multiple exit strategies in place and the general idea is illustrated before you begin, but it just sounds like a mutual fund to me.  

I am using it to illustrate not so much the difference in 401Ks vs.

Account Closed Ya, I wanted to illustrate the point that although I did my due diligence and ran my numbers for the most part correctly, this deal still fell well short of what it was supposed to be.

(Not that I am getting a lot of holes, just illustrating a concept!)

If you want I am going through this now and happy to talk.Disclosure:This above is for information and illustrative purposes only and is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.

Not sure if I understood this part correctly (and not having dealt much with US Financial Institutions on mortgages I may be in the dark on this) - are you stating that:(all numbers for sake of illustration):- 2010 I take out a 15 or 30 year fixed mortgage on a property for 100K; 20K down, 80K mortgage (20%)- 2015 property is now worth 200K; principal paydown was 10K on original mortgage - i.e remaining mortgage balance is 70K.

@Joe T.You have received some good advice, but I would like to illustrate another way you can approach your high-maintenance tenant.   

To expand here is a link to the York Couny explanation:https://www.yorkcountygov.com/_fileUploads/forms/H...The example given really illustrates it.$100K (owner occupied)4% and  .2142 = $857/yr $100k (n-o/o)6% AND .3916 = $2,350/yrAlmost exactly 3x.Again varies by county but many counties now have a different millage table

I guess what I wanted to illustrate (mostly to myself) is what my actual CAP rate is has turned out to be as opposed to what I *thought it was* when I bought it.

I think there have been a couple of interpretive bulletins that have been issued since (to further illustrate the CRA's position).