And refinancing a house that has increased in value and is generating positive cashflow is what allows for OPM.

Because of depreciation combined with interest payments, and other expenses, a property can easily show a loss for tax purposes even though it’s generating a positive cash flow.

IMHO extra extra time needs to be put into the DD and financial modeling phase given near term lower occupancy risk, continued covid in our env for years, and bad event contingency planning adding to costs (back up generators etc, relocation place some distance away)..Best of luck.

At a bigger brokerage all you really get is bigger institutional pressure to "go out and generate leads". 

I am leaning more towards a tri or quadplex (Fort Worth, TX) since I have been hearing it takes the same Property management skills as a duplex and generates cashflow every month besides the duplex would just be covering my rent, don't get me wrong I would absolutely love that just starting off as well... but would rather have the extra cashflow coming in to help put towards another property ASAP if at all possible.

I have a cash flowing property, that generates $1557/mo ordinary income BEFORE debt.

To those asking why should he listen to the wife, I personally feel it´s honorable and respectful to at the very least consider the perspectives of your life partner who is directly connected to the generational wealth.

It is the rate of return on a real estate investment property based on the income that the property is expected to generate.

The other thing is are the calculations being done based upon the duplex also generating income which is added to your totals? 

Self-generated lead How did you finance this deal?