Cash on Cash Return - 10.19%Thanks in advance for your thoughts - RobertReturn (IRR):11.73% per yearTotal Profit when Sold:$217,855.15Cash on Cash Return:660.17%Capitalization Rate:7.69%Total Rental Income:$471,420.00Total Mortgage Payments:$245,284.85Total Expenses:$125,280.00Total Net Operating Income:$346,140.00 First Year Income and ExpenseMonthlyAnnualIncome:$1,350.00$16,200.00Mortgage Pay:$681.35$8,176.16Vacancy (3%):$40.50$486.00Property Tax:$102.17$1,226.00Total Insurance:$62.50$750.00HOA Fee:$166.67$2,000.00Maintenance Cost:$16.67$200.00Cash Flow:$280.15$3,361.84Net Operating Income (NOI):$961.50$11,538.00

Again, they want to leverage our expertise, take advantage of our economies of scale, and take our normal profits (which are there because of our streamlined systems) for themselves. 

So far profit has been used in other ways ;-)

And, your comments about Hostfully sound about par for the course- startup entitlement mentality / tone deafness with no solid business model, no path to profitability, and just hoping to get bought or go public. 

Numbers are rounded for simplicityScenario A neighborhood:  Purchase price, 200k, downpayment 40k, monthy cash flow after ALL expenses $200, annual average appreciation 3%.Scenario C neighborhood: Purchase price, 200k downpayment 40k, monthy cash flow after ALL expenses $400, annual average appreciation 1%After 30 years, assuming NO rent increases,  on Scenario A you would have profited 72k in rent, PLUS own a property free and clear worth 485k. 

Monthly I will save $400 (paying off cc) plus from the new property I will profit $400 (rental).  

However, with this option, my worry is that too many partners in a deal will dilute my profits that I would then put into another deal.I have also considered house hacking as I have not used my FHA loan yet, but am not out of my current lease until April of 2019.Apologies for the long post, but I am feeling a bit stuck in terms of finding, as well as financing, my first deal. 

Hey Bigger Pockets Team - I have done some research on moving my 401k from corporate America to some form of self directed venue.Like Dirty Harry - I am looking for THE GOOD, THE BAD and THE UGLY!Anyone have any great...

Save up your profits from the rental income and do it again.

Or would it make more sense to buy the multifamily and re-sell for a profit and use those profits to buy my first rental?