What is your average rent on the 17 doors?

It will be a lot less expensive. 

New modern lights and ceiling fans, quality furniture, Big screen TVs (not so expensive anymore), big washer and dryer, one of those cool refrigerators.If you ever go stay in a nice hotel or nice airbnbs, try to pick up on some of the things they do to make it feel luxurious. 

In terms of determining if a property is a decent deal, you might want to look at the potential for rent increases in those areas and compare that to your mortgage payments and expenses.

., passive income).This additional income would cover your living expenses, or perhaps even more, making it possible for you to quit your job and start a new adventure, or continue working your job, but with the mindset that you get to do it, rather than have to do it.Retirement 2.0 is not a stage of life that comes at the end, a last hurrah.

Ideally, it would be something that not only allows to register all the different expenses related to the property and mortgage, but would include the amortization of the mortgage so you can see on the same spreadsheet how much your equity is growing.Thanks

This thread is dedicated to sharing those expensive lessons or mistakes we've encountered in the world of real estate investing.The purpose here isn't to point fingers or bash each other for the decisions we've made.

It was an expensive lesson.

After expenses, it cashflows me around $350.

One rule helped here (I simplify a lot): you should always count how much money will be left in your pocket after all expenses (including mortgage payments, taxes, fees, utilities, as well as the reserve fund for the current repairs of the property).