The upside here is that oil is coming back slowly ($50/barrel) is being approached, Agriculture is not having the same water crises that it has been having in the past years, although water is becoming more expensive and more regulated, but you also have the expansion of new industry in Kern county as well.  

@Patti Robertson It's not emotion, it's seeking innovation to a stale industry that continues to run on how it has been for the last 50 years.

Our tent is due on the 1st, late at midnight on the 3rd, we start eviction proceedings on the 4th which included a $50 late fee and filing fees.

@David Gritz it's 1:50 right now in St Petersburg.

I'm sure we've all seen them in our towns, large retail strip centers, the facades look old and dated, the center is 50% occupied at best.  

But usually ends up being at least $50 to $75 in misc parts to get the connections to fit right during replacement due to a slightly different size. 

I increased the rent by 50 bucks.

5) Do you guys have any number rule on multifamily properties, like the cap rate must be at least this or something like that?

. = $5510% MGT fee = $110Mortgage = $253, 20 year amortization @ 5% Taxes $116 per moInsurance $75 per mo total = $719 per mo2% rule = 2.20%Capex = 15%CoC = 33% (turn key, est rehab to be $1000-1500 - new appliances, needs a few new doors) , $2000 closing costs, $10,000 down payment) The duplex does only have 1 furnace and 1 water heaterMonthly cash flow = $381 Am I missing anything? 

I spoke with my lender and he told me FHA recently changed their rules...he said if I already own property then I can't get an FHA loan for a primary residence (even if I have 20% equity in the rental properties).