I am a dreamer and have grand goals of becoming successful in real estate investing, however, I am also big on being fully prepared before jumping into anything life changing.

It turned out that market rent was: $965/mo x 2 units = $1930/moThe purchase price of the duplex was $184,000.1% Rule: $1930/$184,000 = 1.05% PASSAs far as my cash flow goes, PITI and escrow costs total to $1227/mo, and factor in $500/mo for vacancies+maintenance+capex for a grand total of $1727/mo in expenses.

You can make a lot of money on deals and hit grand slams in real estate.

I have about 20 grand to put down.

I own 4 paid off properties, a paid off primary residence and one rental with a 50 grand balance.

Too bad the car is 48 grand and 8 over actual value.Big thing is the rents @Andrew Johnson.  

I came up 50 grand (to 600K).

recent rehab we found above a bathroom ceiling in a dead space an old chair, a cast iron stove top piece, and a miniature pool table from the early 1900s possibly worth a grand or so. house was built in 1875

From the standpoint of a "retirement community" I don't know if it works because what I've been seeing is that the baby boomers that are retiring want to stay near their grand kids which are generally located near economic engines (industry, universities, hospitals, etc...).

They thought that 5 years of no increase in dues showed some kind of grand fiscal management.)Banks that foreclose on condos seldom pay the monthly dues.