I used the Rental analysis property & got a return of 28% Cash on cash return with 17,000 dollars needed.

Watch what others are doing and start playing around with some deal analysis just to get an idea of all the miscellaneous costs that occur when buying and selling.Best of luck to you Rick!

You would want to do full cashflow and COCR/ IRR calcs to really make your decision.2x $1800 rents  $900 rents if owner-occupied 280k, DP 56k, Fin 224k; mo pymnt $1,069; negative $109 before expenses3x $3795 rents $2595 rents if owner-occupied 375k, DP 75k, Fin 300k; mo pymnt $1,432;positive $1163 before expenses4x $3100 rents $2400 rents if owner-occupied 395k, DP 79k, Fin 316k;mo pymnt $1,508;positive $892 before expensesTo me without really doing a full analysis, it looks like the triplex with these numbers gives you the best result.

You can locate your office in your place if you can close it off and not be distracted by you, your wife, and your children.Always do math analysis and try to look at the prospective property before you make an offer or at least have a clause that allows you the time ( about 10 days) to make a detailed inspection and possibly back out of the deal without a penalty that would hurt you.  

@Sandra Hale I agree with your complete analysis -Well said.I'm buying in 12 different markets around the Memphis area and each has its own benefits.

A proper analysis will include comparable sales and current market analysis as that is what an appraiser will use to determine the after repair value of the home.

Don't get analysis paralysis) 2.

Hi Gulliver - Thanks for putting your analysis in your post.  

But that's a hard case to prove and would be very costly.Any time you make an offer on a home, I always recommend you have your agent conduct a market analysis.

Maybe I should remove the exemption when plugging the taxes in my property analysis worksheet.