Either you are spending a large chunk of your profit on management and/or one bad tenant or vacancy can eat up all of your profit plus some.I feel much more comfortable with medium to large MF properties that can afford professional management.

I was always under the impression that for most deals, you can't have your cake and eat it to.

Obviously the numbers are going to look bad if I'm living in one side eating up half the rent money.Purchase price: 103,000Rent: 1300 (both sides rented $650 each)taxes: 2240insurance: 1020Maintenance: 1440 ($60 per door a month, sound right?)

we didn't have a site like this 12 yrs ago. if I had asked for help earlier i think i would have been much better off.one issue was i wasn't from this country.I took away an eat in ktichen and replaced it with a large kitchen.my 100k renov looks like 20k change if you didn't know the bef.

With only 1 revenue stream and hefty operating costs, this could easily end up eating you alive.

If there was a way to get 10% return safely and passively EVERYONE would be doing it right now, which would most likely eat up the supply of that investment and lower the returns.

This Forum has kept me from eating all morning, i've been reading for hours.

The maintenance issues are common and you just have to eat up the cost.

Also, if i buy a duplex/tri/ etc, i will have no way of managing it myself and i will have to rely on a management company which will eat a big chunk of the profit.

If your dream path would be to open up a shelter for abused animals or to move to Aruba and train tourists to surf, you probably should not be a full time real estate investor.