Initially it felt like I was cutting into the profit way too much, but this weekend we had to fix something connected to our heat pump and I was glad to have reserves.Thank you!

You will need at least three decent/affordable maintenance people, especially since you can't drop by the property yourself to take care of things. 

They will only accept your offer if they are tenderized like a bad cut of meat that has been beaten by the butcher and then marinated. 

Many who had invested in the stock market saw their wealth cut by 40% or more.

Thats 22k per door and a great cap rate no matter how you cut it.The neighborhood is a solid C and is even growing on paper.

Frankly I could care less as long as Im paid .

It has great bones - the seller owned the house for 47 years and took good care of it.

I understand looking for positive cash flow is a good proxy to avoid making bad deals when you’re a beginner, but if you’re careful in your estimates and run the numbers properly, I would believe you can still enjoy a decent return on your property even if your initial cash flow is inexistent.Let’s take the example of a zero-CF property (i.e. it’s zero after opex, capex, vacancy, PITI, property management etc..) in the following situation: I put down 20% as down payment for a 30 years loan, at 4.5%The property doesn’t appreciate over the years and I sell the property after 30 years for the same priceI incur 5% closing costs at purchase, and 5% selling cost when exitingI assume no inflation (hence selling price = acquisition price)In this context, my IRR would be 4.55%.

Anyone care to share their experiences?  

Usually we would like to think that nothing will ever go that wrong but in fact they often do and far more often that we would care to admit.