One of my criteria is to get at least $150 cash flow a month on this rental, so I'm worried/curious to see how this increased mortgage payment may/has affected cash flow (leaving out other factors I need to account on the income and expense side). 

What are the important factors I need to consider when buying a co-op?

But it is close to Lowes.It's only a good deal if you forget that you put $23k in the house, and it returns $400 cash a month in rent for ever more.

Hi @Anthony Russell...I like the creativity.I believe IRS rules limit 401K loans to $50K (total), so I assume this would be a limiting factor for you.

We just got the house refinanced also for a $260 a month difference, so now it cash flows at 300 a month after expenses.I think that as long as you factor in the property management into your assessment, you should be fine.

I.e. changing interest rates.I've decided I'm probably going to keep this building forever, so paying down principal will give me more cash flow over the long run. 

I am going to factor that into the asking price, the homes are older and with the 2 being uninhabitable to factor that into the offer. 

The location would probably be on the bottom of the list of importance, you need to look at other factors such as experience, quality for client service, etc.Second, as a self-employed real estate professional you should consider self-directed Solo 401k, which is much more superior to an IRA for several major reasons, you can read more on this blog post: http://www.biggerpockets.com/blogs/2810/blog_posts...

That is going to be a huge factor when speaking with your attorney and accountant.  

Those might be old relationships or new ones, but our first cull factor is that the prospective borrower must be someone we like and trust.