These are general numbers for illustrative purposes. 

I think it illustrates the point that is often made on BP: Home ownership has a lot more hidden costs than people realize.

I was fortunate enough to purchase this property with zero money down, but let's use a 25% down payment to illustrate what the cash flow looks like with a more traditional purchase. 

Thank you for your taking the time and illustrating your success. 

My point was only to illustrate a bit of what we do here in Houston.

(It's obvious at this point the debt service is greater than your net, but again, capex is a reserve not an actual expense YoY, and this example is deliberately a very mediocre set of numbers to illustrate the point).

The HOA Manager licensing law goes into effect July 1.Expect little reform for HOA home owners.Property managers (PM) will be greeted with new fees, higher operating costs, and costly licensing requirements.This Law illustrates what happens when the industry trade group for PMs (Community Association Institute (CAI)) writes the law and uses it to promote its’ financial interests. 

If you were to pay for a site that had educational information, that was a self study from the basics to advanced areas, illustrated how to think relating the basics to strategies, gave solid advice about the business aspects, general business, then went further into structuring transactions and notes, what would that be worth to you?

You have illustrated your ability to devise a plan and have taken action in joining us. 

In any case, let's assume for illustration purposes that we're buying a house with an ARV of $150,000.