I am exceptionally new to real estate and am not familiar with most concepts and terminology, so thank you for your patience!

I’m trying to narrow the gap between my own conception and reality.My current plan is to buy and hold.

Just one strategy we work with our investors on, but as long as you are getting started at some level that is the most important concept!

Most investors have very little grasp of finance concepts and even math in general.

@Rob Bergeron This is a really interesting concept.

The first book, while the formula is now outdated because bonds don’t return 15–18%, it is still the better look at the concept of “enough” that a lot of books miss.

He helped me through my first four unit deal, and since then I have found that the concept of "team" is very important.

Maybe you're considering administrative/leasing fees to be part of this, but it could make your model a bit simpler by consolidating a few rows.6) Property taxes seem like a decent estimate.7) I think your insurance may be a bit low for a $145k property.  8) Fair enough mortgage / interest rate. 9)  What is your credit loss line? 

Realize I should have held on to a few but certainly understand the concept of buy and hold.

Unfortunately, in DC it's more than just $1,000, but it's much simpler, and much, much faster than the legal processes.