That said, the other factors, such as freedom, lifestyle, etc. etc. are "other" reasons to be in this biz.We all get your point that $ is necessary, it goes without saying, to say it is the only reason is where I and others disagree with you.

If comps, meaning recent (<90 days) comparable (ideally same floor plan, at least similar sq.ft., same beds and baths, similar location) sales are $149-167 I'd think a listing price under $149 would be in your best interest.

I guess its a reasonable point that other factors will offset it.

Depending on the cost factor I can decide what to do now and what to do a bit later.Thanks for the tips.

I factor in everything....you should start out by knowing what profit you want, or the least amount you are willing to settle for (10,000, 30,000).

((like trumps says you must first love every bit of your entrepreneurial endeavor if your gonna be successful at it, even the unknown factors.))

This is what it looks like.6plex Sales Price $325,000 Loan Amount $260,000 Interest Rate 7.125%Term in Years 30Loan to Value 80.00%P & I $1,751.67(This loan is through an Alaska housing program for which both this property and I qualify for.)Total Rental Income $57,600 Less Vacancy 10.00% -$5,760Adjusted Gross Income $51,840EXPENSESTaxes $4,584 Insurance $2,580 Utilities including Refuse/Cable $9,661 Management $4,725 Maintenance & Repairs $1,000 Replacement Reserves $1,800 Miscellaneous $1,000 Total Expenses $25,350 Net Operating Income $26,490 Total P & I $21,020 Net Cash Flow $5,470 = $455 per monthI know that the cash flow doesn't look that great with the property management cost but it is required to be factored in for this program.

Ideally you want the prospect's first impression to classify you as "decent, normal folk".

It would be ideal for a person planning to live in 1 place for 7 years.

Ideally I'd like him to carry 25-30% at 4.5%. does he laugh in my face?