Also my insurance company will raise my premium, also a claim will remain against my name in their database that is shared universally across all insurance companies.

I currently work for a commercial real estate company doing market research, and actually interned for two rehabbers while in college at the University of Maryland.

God's CountryDeborah:Very kind of you :-)Being a government and university town we have a fairly consistent rental market (2.5% vacancy ... but there are ~300 new units coming on-line in the next 18-months).

I am 26 years old and work as a researcher at the University of Mississippi Medical Center.

It's especially nice right next to a college or university, which I am.One other thing, I'm refinancing Owner Occupied and my plan is to buy the new one a month or so after with FHA 203k OO financing.

Global warming?

If it is in a university area, it might make a good student rental by connecting the two units and making it a 5-2 (again, if zoning will allow).

Graduated from Adelphi and Hofstra Universities.

. $3milCellar, GF & 1st Flr: Rented until 2020 - 9k/month (5% yrly escalation) 108k annual2flr - 3rd flr: Rent comps show I can pull in tenants at $6,870 /mo $82,440 annual4th and 5th Flr - owner occupied 2bdrm and I am renting out 1 room to a friend for 1k - market rent is ~1.5k.Financials:ROI: 190,440Expenses: 19,950NOI: 170,490Price: 3,000,000Cap: 5.6% Reason why I like this deal - Great property in an amazing location - RE tends to appreciate by 7-9% annually and a high demand renter market (close to 6 diff universities including NYU) Space for me to live is a duplex that I can share with a friend =) So because of the equity appreciation, I would not mind if I can buy this with even a few hundred dollar monthly spread.

I am currently in the process of acquiring a three floor apartment building in an up coming area near a local University.