If any locals would be interested in grabbing coffee, I would be happy to take them out and pick their brains.

I've tried everything from Bing Ads to custom coffee sleeves and would really appreciate some advice.

If you are ever in the Spokane area and want to grab coffee and talk real estate, let me know.

Note that I don't know for sure about the closing costs as I’m still shopping lenders and I haven’t gotten quotes to mow the grass so I’m estimating some of these numbers as well as a few others.Units 3Rents $425, $425, $450Purchase Price $75,000.00Yearly Property Tax $1,379.00 Monthly expenses - Insurance $80.00Property Tax $114.92Landscaping $50.00Water $100.00Vacancy 10% $130.00Maintenance 10% $130.00Cap Ex 10% $130.00Will self manage $0 Expenses Monthly Total $734.92Cash Flow $565.08 Cash Flow (After Mortgage) $261.07 Loan Amount $60,000.00Down Payment $15,000.00Interest Rate 4.500%Length (Years) 30 Monthly Mortgage Payment $304.01Closing costs $25002% Rule 1.73%50% Rule 56.53%Cash on Cash Return 17.90%

They see real estate as a pure tax write-off hobby.I consider it a pretty good deal - two properties are located in areas that are active and sprawling - one property in particular is situated next to a massive vacant lot (where a factory once stood, but was demolished years ago) that has been bought by commercial developers who have released plans to bring a large grocery store, along with shopping and eateries - I know this information because, well, just trust that I know.

If you are ever in the area, look me up and I will take you for coffee.

I am now in the process of putting a tenant in place and putting a mortgage on it as early as possible to be ready for the next one.I really like this strategy due to cutting out the high interest rates of a HML and private financing.Make sure to shop around for setup fees.

About a year ago I became really frustrated with presenting designs to a major shopping centre developer and not understanding the financial terminology they would use during meetings.

Large institutional investor or smaller RE shop?

Not all insurers or insurance policies are created equal, however, and you want to make sure that you shop around and speak with multiple insurance brokers.