It is up to the individual buyer to objectively weigh ALL of the factors including mortgage costs and interest, alternate investment returns, tax consideration, amount of time needed to implement and manage the decisions and personal investment goals.

. :( I'm very new to this but have been addicted to the podcast, I've listened to over half of them now but I think all the info is giving me a sort of shiny object syndrome and I'm dying to meet up with some like minded individuals.

If that's the case they can approach the judge with an objection and the judge may request a full blown appraisal to validate the selling price and confirm the absence of any equity.  

"There is no objection to the use of the HUD - 1 in transaction in which its use is not legally required." http://portal.hud.gov/hudportal/documents/huddoc?

I think I need to object to the idea on philosophical grounds.When you extract a late fee it's because the tenant has caused you legal injury because if their failure to pay on time.

I say this because it was at a similar stage that we got "shiny object syndrome" where we got bored with the same old, same old of buy-and-hold. 

My objective is to have a net of $300-$400 per month (Rent-PITI) so that I could potentially buy more properties.I definitely sound like a novice investor, please advise!

So you might find it tough to gain traction in investing with what you have to deal with in overcoming her objections. 

All the rules and spreadsheets and guidelines are great but they are only half of the picture - the property itself - the hood - your goals and objectives - your exit strategies (note the plural) and on and on and on are just as important as the spreadsheets.

I dhave less objections to overcome from buyers and thus, get hgiher prices for my homes.