We have been going back and forth with a family on 3 homes in an estate since August of 14. We bought two of the homes and have been working on the third one. Third one is occupied by the sister who has been there for...

The expenses and capex tend to eat cashflow over time.

I will upgrade to PRO shortly and I like to eat lunch.

You might be better off eating $100/mo. for one year if thats the case.

True, it could be better, but according to the model you built, you are 100% financing the purchase (not including closing costs and improvements), so of course your cash flow is going to be small as the mortgage payment eats your cash flow.

Those with fat wallets have places in both locations.Then various other NYC and surrounding locations and various other SF/South Bay locations. 

It is important to educate a tenant to think wisely about their monthly expenses, I think we can all agree that a roof over our head is more important than going out to eat nightly or buying a new car.In my experience you can really tell a lot by the tenant with how they evaluate their own expenses.

Know that the problems are coming, and eat them for breakfast.

That already eats away at the agreed credits a seller may allow.

We got it down to about 169,000 in just under a year by taking some equity out of the house, 401K and literally eating peanut butter and jelly sandwiches daily.