Thank you to all for the feedback and math lesson!

I would also be sure to err on the side of caution when doing your math and assume a 25% vacancy to ensure you can cover the loan and operation of the building if times run thin for you, that way you will easily withstand the 10% norm (or whatever it is in your area).

I also understand the math looks better, and sometimes much better, when you borrow more for longer, but this is an investment philosophy choice for us.

So your math may be thrown off here.4.

That gives you 45K for year 2 which by your math requires 64K of down payments.  

Their math says my ROI is at 25%, but I don't think they count their 100 basis point cut in that.

I am glad you are both doing your home work even before you get to UTD or UNT.Why do you want to buy before you come here?

Have you done the math at how much it's going to cost to fix the place up and sell it?  

you can get the deals direct if you do your homework ahead of time.

I couldn't follow you math on monthly income.I think you have a typo there.