Definitely recommend you run the numbers and a quick way to do so before you get too deep and waste alot of time is to write down this:Purchase Price Cash to Close Rent-------------------- Property Tax per monthInsurance per month HOA Mortgage Vacancy (x%) Repairs (x%) Property Mgmt (x%) Total Expenses: XThen find out your cash flow INCOME - EXPENSESCap Rate NET ANNUAL -MORTGAGE ANNUAL / PURCHASE PRICECash on Cash Return NET ANNUAL +MORTGAGE ANNUAL / PURCHASE PRICETakes like 10 to 15 mins to evaluate the numbers.

In just 20-30 minutes per day, you can get moving, get those creative juices flowing, improve your circulation, and boost your energy.

So when rents move up from $500 per apt back in the year 2000 to around $1,900 today for one of my buildings, the value of the building increased from $140k back in 2000 to $1.4 Million today.NYC is a Future Value (FV) play.

They have shown us possible percentages that we would get per unit. 

So total out of pocket for me was $277,000 as follows:$245,000 (25% down payment)$32,000 (closing costs...mainly mortgage tax and title)And my payment is $5,804 per month with taxes.

@Jessica Wood If the tenant hasn't paid rent AND utilities that tenant is supposed to pay are cutoff then the property is considered abandoned as per our lease. 

I have a 30 year old triplex and toilets of that age use 6 gallons per flush.

I’m renting the units $1000 per unit So if the numbers work I’m willing to pay premium for it.

@Tom Reid very good information above but I will add my two cents ,I recently signed up with podio and mail chimp with a lot lot of suggestions from experts on face book.

@Karina Torres regarding your goals, you'll want to define them a little more, 7-10 properties for passive income is a little vague, I would advise a few business models based on several paths forward.1) On the 7-10 properties, How much net income per property are you trying to obtain?