You would think that this would be obvious, but it's not (for newbies)And don't be afraid to p*ss off the seller....on the last house I bought, I offered $60k less, and the sellers got irritated/insulted and refused to even counter.

What makes 100% total sense to tenant does not always compute with what you need to be successful as an owner....and #1 in that field is collecting rent.

The lender is now overexposed (perhaps at over 100% LTV) which is a position no lender wants to be in for obvious reasons.

Basically 75% of the total rents need to cover all the bills.

As long as the total of the replacement properties meets your reinvestment target you'll still defer all tax. 

Spend more than half of your total working hours in an RE business in which you materially participate.2.

That allows me to show ROI from both a cash flow perspective as well as total ROI (cash flow + debt paydown) when compared with the estimated equity.The results were eye opening... there's a few on there that I'm likely selling off as a result of that exercise and a few others I'm going to do a cash out on.

Also, your total returns go down without any leverage because you lose the multiplier effect of appreciation.Now, to answer your question.

Lease starts December 1, 2024 and ends March 31, 2026 for a total of 16 months.Hope this helps!

If you oversimplify it and take your total cost to close the deal / monthly savings = # of months to Break Even.