Are you basically comparing investment opportunities apples to apples?

Purchase price: $256,000 Cash invested: $54,000 Apple Valley condo, 20% down, conventional 15-year loan at 2.4%.Lived there for 2 years before renting it out for $2100, which covers the mortgage ($1606) and HOA ($303).

So in reality I'm putting $10k into my account every year and years later I spent 10k on a roof or 5k on an HVAC....so I'm making $2400 even in the years that I had to do a roof, and a hell of a lot more each year on all those years I didn't.So just be careful on how people throw the "cash flow" number around and make sure you are comparing apple to applesMost of the people on here throw around $200/month per door as their rough goal....AFTER they account for ALL their short term and long term expenses...so pure profit after everything is accounted for.If you guys are getting $400-500/month per door on a regular basis, then my hat is off to you....

So why's the Big Apple on our list?

They are probably sitting on the couch watching the latest TV show. trying to forget about there financial stresses, backstabbing co-workers and the boss they wish they never had but do. wondering what politician is responsible for there woes. 8 or 10 hour shift, 5 days a week, same tasks.

Instead of sitting around watching TV, I thought I'd reach out to any active BP members to see if they want to meet up and chat real estate.  

My point with all of this is to make sure you are comparing, apples-to-apples, property classes, and areas.I am not sure what you mean when you say you have "$2M at 0 down and 6% interests."

It is a TV series on CNBC. 

If he rents he needs to move to a less expensive apartment, cell phones, cable TV, restaurants, car payments are all unnecessary and wasteful expenses that can be eliminated.

My plan with the REO last year was to purchase it with an existing the credit card (and earn enough air miles to take my son back out to Drumheller to visit his favourite museum), just like you buy a TV or car with your credit card.