Also added back are personal expenses paid by the company - health and life insurance, 401K, that "business meeting" you had in Hawaii, non-working family members on the payroll, etc.These combine to create a number called SDE, or Seller's Discretionary Earnings. 

KC is growing while still being affordable. 

Home got very nasty and we called the city health and safety office and they sent in an inspector and he testified in court the home was uninhabitable and they tenants had to leave. 

Also you could go outside of your comfort zone and buy in a more affordable area?

I could afford the payments of a heloc and the mortgage of the property without rental income in a worse case scenario.

Make it more affordable when I do get out.2.

As an investor, you cannot afford to hire a poor business operator.  

Folks seem very willing to dramatically pay more in these “affordable” markets in a feeding frenzy fueled by cheap mortgages and limited choices for house hunters.

If you can afford to learn on this property, go ahead..Be happy to chat. 

In more expensive markets where the rent to value ratio makes renting much more affordable than buying, rents go up and a greater section of the population become tenants.