The property was built in 1930 and our family is very concerned about the age.

We both love our jobs but have a goal of achieving relative FI by age 45.

Go on Craigslist and post a notice offering fifteen bucks an hour and lunch for men under 40 years of age and above 5'11" for 2 hours of casual labor.

Even with my relatively high rate of savings, it would take me a couple of years to save $60,000 for a down payment.

It depends on the size, age, & condition of each as well as the quality of items you want to replace them with.

Specifically, economic-related terms.

yea we have alot of money in low cost index funds as of now. they work great in between saving for a property with cash.I've though about leverage but between the p and I cap ex maitnance vacancy and all the other stuff it is cheaper to buy the condo with cash then up and sell it when I can buy the duplex. taxes are high here for homes on there own lot the condo is closer to 1 percent property taxes were as single family homes and duplexes and such are closer to 2 percent to 2.2 percent so that is a big reason why it makes more sense as of now.yea just this first duplex I want to pay cash for. after that I have no problem with leverage. but if we live in it it's gotta be paid for it creates a very stable rock so if the wind blows hard I am protected and have no worrysit really helps ease my anxiaty disorder and will prevent a stroke at a early age. a large reason as well is we cant qualify for a morgage that large.

@Shelly Shanks For buy and hold the formula is relatively simpleAnnually:(Monthly rent x 12)- property taxes - insurance -property management fees - HOA fees if applicable - budgeted maintenance and repairs- expected vacancy - loan payments.This will give you your annual cash flow. 

No, not related to Brandon :)   

My kids will be groomed to take over my real estate empire long before they’re even of age.