This is ALSO an After Tax Return of about 10% thanks to the beauty of compound interest......................................But, what the first scenario does NOT take into consideration is that rents RISE over that 30 years.

----I know al this because I'm self employed in marketing (not RE), but the compound power of time is there across every industry and career.

Compounded Inflation will reduce the amount you owe and pay in real dollars. 

If he wants to come up to USMA and challenge my defense of a service member deploying into harms way then he knows where I am stationed, the door is open.

I am reasonably confident of a couple of things: that the tenant in question will refuse to pay the plumbing charge, and that she will claim either retaliation or discrimination as her defense (neither of which are true and can be proven without a doubt).

I went and bought Ortho Home defense and sprayed in both units especially in the small areas.

Purchasers and assignees of this mortgage could be liable for all claims and defenses with respect to the mortgage which the borrower could assert against the creditor."

Here is mine https://www.biggerpockets.com/blogs/3-reiskills-an...You might want to emulate that, or @Brian Burke s or @J ScottRenatus is tiresome and not fun and not valuable, from your posts anyway.You not winning any followers by being defensive or crying slander or libel.You win followers by helping people with real value.

The rental income will compound and you will be on your way to larger properties.

I'm sure others will have more specific feedback, but if you are not putting your own cash into it and are making renovations that add value, it seems like a defensible deal to me!