Do these situations often work out?

But, that did not work out, meaning the grant money portion.

I've refined my routine to be self sufficient at everything it takes to find a good investment, get the deal closed, rehabed if needed, and rented.

Then I finally tell her that I don't think it's going to work out, and she hangs up on me.

2007 model fourplex near Austin TX3700sf total, all 2bed/2bath units,2 stories, carports2.85% taxesHOA $360/mo (community center and pool, workout room, etc)2 units currently rented for 859 and 979, other two should be about 859 as well (979 unit is partially furnished)Very nice area, desirable location (schools, employers, etc)$0 needed in repairsWhat is the max price you are willing to pay?

Regardless of whether you or someone else lives there, the numbers do not work out well.Landlording is a job.

It's hard sometimes when you want a deal badly, so badly that you start to play with the numbers in your head to make it work out so that you can buy it.

I think there are just as many "portfolios" to mimic as there are fad diets or exercise routines out there.Of course, I haven't even gone into individual stocks, ETFs, etc.With real estate, the rules of thumb are pretty simple.

How did that work out for many?

It could have been repaired, but I figured it was time.Yes, you should be flushing it out for routine maintenance, and when you do, simply look around and make sure it isn't leaking anywhere.Other than leaks in the tank, everything else is repairable.