I've spent that last two years preparing, saving, reading and educating myself through BP and several books for that one moment, that moment of pure ecstasy, the  moment I closed on a rental property.

Dubai sounds like an interesting place to be today.

Pitching a group of investors on large MF with only an education from a book is not something I would recommend.If they ask- what is your experience and you said “well I read this book...”.Put it this way - if you stepped on a southwest flight and asked the pilot his experience and he said “none but I read a book”, would you feel comfortable.

Commercial RE is still about relationships even today.

Your wife's focus should be on education.

I’m going to lay out all the numbers here and hopefully some people will chime in with their thoughts. 1 bed/ 1 bath condo in north New Jersey (~10 min bus ride to midtown Manhattan)May 2016 Purchase price: $270kDown payment: $54k (plus 10k in closing costs)Current market value (best estimate): $325kMortgage remaining today: $205kCash flow per month as rental: $300The way I am looking at this is I am deriving my “net equity” (net of selling closing costs) to be:$325k x 94% = ~305k, less 205k (mortgage remaining) = $100k net equity.Therefore, my RoE on an annual basis is $300 monthly cash flow x 12 = $3,600 divided by my net equity of $100k = 3.6%On one hand, it seems like I could use that $100k elsewhere and likely beat 3.6%.

Would I rather have $30k today or $1500 every month for the rest of my life (and my kids' lives) starting in 20 years?

Today we found 2 cochroaches in our apt.

You're doing great :)I actually posted something very similar to this question in another forum earlier today and I'll link that below, but you also have a lot of other questions that I might be able to help with.1.

Have been surprised at price expectations in areas of Shively to be honest but in today's market I shouldn't be.