Remember this implies the future value is zero.

Ideally you would have greater success if all the properties were being handled by the same agent or at least by the same bank.

Although its more memorable to remember the "downs" because losing $15K is one year is something to remember, far more than the ~13% return in 2012.If most of what I want to know, I can learn from researching on my own, I'm willing to do that, but I'm also willing to pay for expert advice.

I think it would do us all good to remember that as important as is our own bottom line, there are many things in life that need to share that stage!

I remember reading the max you can deduct is a million dollars in interest but I don't think youa re asking this question....Lets hear what the experts have to say....C

Ideal price, mid $40s.

But remember, technically you can't even talk terms to the buyer, only the attorney or mortgage originator can do that.

Most of them are going to require a sizable down payment to cash flow or even break even.You have to remember in Chicagoland people have owned these properties for years or generations.

With that spelled out, you don't have to accept the first tenant...although that is often the practice.Most important thing to remember is what ever you decide about policies, put them in writing.

And remember - smoke goes up.