Hi Blake, I'm right next door in Lantana and we'll be moving to Boynton as soon as our house is ready.

Income is $45,600/YearExpenses is $24,680(Taxes, Insurance, Utilities, reserves for vacancies and repair)So NOI is $20,920.After Mortgage is paid I have a seamingly attractive Cash Flow of $355, that's $177.45 per door!!

I am figuring 58K 'All In' The current rent is $700, but I feel it could easily be $850 or so, but I am basing my figures on $800.The house has had new roof, windows, siding, water heater, and flooring in the last few years.My rough figure are;8800 Operating Income$3800 Expenses (only about 40% since all the recent upgrades)$5000 NOI - $4000 Debt Service= $1000 Cash FlowNot quite $100 'per door', but I would also be building equity at about $100 a month, along with likely appreciation of $100 - $150 month.

Have you tried leaving the cabinet doors open to allow more heat to enter?

I'd much prefer if The Millionaire Next Door was the top recommended book - its written by a statistician and is backed up by real data.

It sure is nice to start that cash flow on day 0.However, the negative to this is that I personally did not do or oversee the work--and it's always been (in my experience so far) barely average to subpar once you start to scratch below the surface.

If they just moved in and are blatantly breaking the rules they obviously think they can do whatever they want and the lease is just a worthless piece of paper.Think about 4 more people flushing the toilets, walking the carpet, banging the walls, slamming the doors etc.

It would take a long time to recoup 20k with $100/mo in rent.Since it will be next door, you also have to consider how having a two story or one story next to you will impact your own house/yard and your enjoyment of it.

Understanding the "deal" is so critical in the begining, it really is do or die.

When the house is vacant, you can put deadbolts on the doors that need a key from both sides.