E.g. 5% - 7% bump on rent, rents 10 days more per year, replacement every 15 yrs.

The SFR's would be depreciated over 27.5 yrs and the apt complex over 39 yrs, so the incremental after tax return due to depreciation will be 40%+ higher with the SFR's over the first 27 years.

My husband and I currently rent out our former home in Phoenix where we lived 10 yrs ago while at Luke Air Force Base.

I've been a carpenter for 10 yrs and I'm ready to quit and start my own business.

Before, it might have been very beneficial to not have gone to college and not to have spent 4-8 yrs, in college if you wanted to go into business for yourself.

If I plug in $1500 PMT, 6% Interest, 360 N(12 payments for 30 yrs) the PV comes out to 250k.Maybe I wasn't clear but that $1500 is not total rental income its after I deducted all expenses (including desired cash flow) before principal and interest is paid.

Yes, I hope to refi in 5 yrs and will be sure to include extension clause.

Thank you all for the replies.I will contact Allstate and Brown and Brown...Let me know if anyothers come up.Oh and the unit is 30 yrs. old, and in good condition.Thanks again..Bruce

just passed my RE licensing exam YESTERDAY ;ponly trouble was looking for a suitable "brokerage" to hang licenseI don't deal with REO (or haven't YET)but reason why I did it was after doing this for ourselves for 12 yrs...ppl aka family, started throwing $$ this way to invest for them...I gladly did the project, because I need a ticket into this new market (new here in town) and we just bought a commericial retail store rental.I found out quickly, at least here, I can't get compensated, and can't deduct anything...... and I can't property manage without license...this deal is ok b.c I am POA and this is family, but if I wasn't ...... probono work!

I 21 yrs old and bought my house last fall. that is my one and only expierence with real estate.