Last unit sold for $200k in 2013.Current rental income is $9,400/mnth $112,800yr, at 85% occupancy it drops to$7,990/mnth $95,880/yr.Combined yearly taxes are $14,900Estimated Insurance $5,000/yrEstimated Maintenance Cost $750/mnth $9,000/yrI will be required to pay all closing cost and appraisals - estimated $8 - 10kI will be required to put $60k down and use a current property to make up the remaining 20% down - which will be refinance.Loan amount will be $871,254, 5%apr 15yr am, 35 month maturity - $6890/month, $82,678/yrI am assuming no appreciation - loan balance in 5yrs if all goes well should be approx $615k, add the $60k down, possible sale for $940,000 = $265,000 equityWe currently own a small single family rental home and one owner occupied multitenant commercial property. 

If you are smart on how you leverage your properties (term, rate, maturity, etc) you can make that same amount of money go much further and take much better advantage of inflation over the long term.  

Intelligence has nothing to do with being naive, that goes to wisdom, that goes to maturity and experience, no youthful  person has these under their belt yet.

With maturity comes profitability and the chances of thinking it though and making the right decision when you are 50 verses when you are 19 is a vast difference.

If they decline, I will simply wait until their lease is closer to maturity and then pay for the upfit in conjunction with finding the next tenant.  

And after 10 years it will mature into something else entirely. 

Regarding Fort Gordon being primarily a Signals training location - that was certainly true for most of its history, but the identity of the Fort has been changing to that of a Cyber hub.  

What are your most important steps and follow-through principles to getting paid when the note matures or debtor wants to pay off early?

San Francisco (#7) and San Jose (#8) were downgraded from the top of last year's NMI as their growth cycles mature, and New York City also declined to the last spot in the top 10.

It always needs to be a factor when analyzing a deal, but as we 'mature' we can do more value plays and pay attention to the big picture which involves NW and IRR more than whether something gives you an extra hundred or a thousand dollars a month.