Purchase price: $438,000 Cash invested: $40,000 Purchased small single family home in rapidly growing midtown district.

Hi All,
I own a duplex in GR and need to renew my Certificate of Compliance for the rental.
Before the duplex can be ceritified I need to have someone come out and inspect both water heaters and furnaces. Does any...

example:  two 25 x 40's; can be leased as a combined 50 x 40 and so forth.g. 

I wouldn't be opposed to investing in a triplex within a flood zone, but I would want to make sure that I get an amazing deal and the area is growing rapidly.

The issue is that the cost of good housing in Nashville (neighborhoods where we would want to live) is rapidly increasing - some neighborhoods we like have increased more than $100k since April of last year when we visited! 

Leverage and velocity of equity for more cash flow and less debt in my hands is the process and cycle of gaining net worth and deducting cap ex and debts while collecting rents and depreciating assets rapidly for less tax liability.  

,I read your original post but only scanned the responses so I may have missed it if someone already mentioned this: you seem to be missing a lot of other costs. 

Currently located in a beautiful retirement/resort/vacation development called Canadian Lakes in mid-michigan (50 miles north of Grand Rapids).

I was trying to buy fron 2013-2015 here and even then it wasn't easy, not much inventory and rapidly climbing prices. 

@Nicholas Herold as Harrison said, the markets you're interested in are very attractive to invest in as well as becoming very competitive as interest/demand is growing rapidly here.