Thanks, MattBusiness cycles go to decline and then salvage or the cycle begins over through change, addressing a new utility, function, market and usually through change in management goals.

I have yet to utilize excel and download more data outside my farm area.

Income is $45,600/YearExpenses is $24,680(Taxes, Insurance, Utilities, reserves for vacancies and repair)So NOI is $20,920.After Mortgage is paid I have a seamingly attractive Cash Flow of $355, that's $177.45 per door!!

I pride myself on offering the best customer service and knowledge to my clients and I feel as if this could be a great resource for me to learn more about the investing side.My business model is to accumulate multi-family residences in Philadelphia and the surrounding counties and manage them myself until I find that hiring a property manager as leverage is my best bet.

It is my experience that older homes have smaller bedrooms and you really have to hold the end buyers hand in order for them to see how the space can be utilized.

Not in Portland - but one tip is as you build your team, ask every person you utilize that you are impressed with who they recommend and like to work with.

Do you pay water or other utility as landlord??

I'm really looking forward to utilizing everything BP has to offer.

But if you are looking to fully utilize equity, why not take the 70% of 100k and put 20% down on five 70k properties?

You don't have any expenses (utilities, trash, snow, lawn care, etc) included in your analysis.