If the tenant wants to make additional income by doing so, they can, when their lease expires, purchase their own property and begin renting out rooms.Gail I totally respect that!

We actually borrowed $40,000 of this 74,814 with the building)TOTAL $255,000So...Now we need to know what WE put in for money.

@Dan MarshallWell, I'll assume you mean your "Total Monthly Payment" is $1,830 and their are no other additional fees. 

But I actually think it's good to have people on the podcast occasionally that don't focus totally on real estate to show a different perspective and strategy .

@Nick Patel Sure lots of people do illegal stuff out of total ignorance.

This sounds a bit much but like I said, if this is a high end area it's totally possible! 

When i work with agents who have buyers, I tell them to total price to them (my fee included) and add their fee on top (doesn't have to be % based) and just have your buyer agree to pay you for bringing the deal together.

$1100/year Vacancy = $92 Principle & Interest = $340 Total monthly costs = $896.50 Cash flow = $1150-896.5= $253.50 Per unit cash flow = $126.75Cash on Cash return = $253.50x12 / $23,450 = 13%Cap Rate = $7122/$83,000. = 8.6%Would you take this deal?

Even if you're totally in compliance with all city codes and regulations, some zoning decisions allow for neighbor input.  

its a great place to find like minded folks who run the gambit of highly experienced to total beginners and everything in between.. although I would say its slanted towards those starting their journey and many once they get going and have some success contribute less frequently.you have those that are in some sort of sales business so are always marketing themselves or their companies.. through writing blogs and or posting on the site with regularity.