I'd also suggest researching small commercial multifamily properties, 5 - 30 units, and learning the benefits of that asset class.

The benefits can be incredible and the opportunity to work in a niche that is a win-win for both investors/sponsors and renters alike is even more rewarding.

But whether it is cash pay outs or free rent, it is not an investment and treating it as such will not benefit you.

I guess I was thinking the cash flow, appreciation, pay down on the loan and tax benefits would be my “pay”. 

What would be the benefit of that?

However the loans terms are also business like: 20-30% down, higher rate, 10-25 year amortization. 5 year rate adjustments.

Those are some obvious benefits. 

How would KFC benefit from selling its secret recipe to competitors?

Also I think it is very important to look at many different investments and evaluate them all equally with a 'risk-adjusted' return.

I put cap ex at 1000 per door a year ball parking it so 160 a month I am not including the studio in these evaluations because I will live theremaitnance as 85 a monthvacancy of 160 a monthSo over all looks like this so far.40k downprice 158500rents 1700 monthtax and insurance 560monthcap ex 170 monthmaitnance 85 monthvacancy 160 monthall together 975 a monthsubtract that from both units rentAnd there is 725 left over enough to cover the principle and interest and leave like 100 bucks left over for my utility's and such.current owner says the coin laundry downstairs covers the water and tenants take care of there electric and suchNow just 100 left over isn't much only 1200 a year not a very good return on 40k but when I move out and instal a fire escape in the studio as I live there I can rent that for another 550. after I adjusted the numbers for the studio this deal looks really good because I am able to keep pretty much everything the studio would produce.I'd get like 6k a year and get a 25 percent cash on cash which sounds as delicious as it can get.It is in a working c class class area. on the worse side of it. that's were most of the duplexes in the area are to be honest.