I can get 3 cheap rentals @ $33k/each - rents $800/mo each.Income:  3 new properties x $800/mo = $2400/moExpenses:  Taxes = $300/moInsurance = $200/moProp Management = $250/moVacancy = $250/moRepairs = $250/moTotal expenses = $1250/mo NOI = $1150/mo  or  $13.8k/yr-------------------------------------------Todays value of 3 current properties = $550k - $575kMortgage balance for 3 properties = $410kEstimated value after 13 yrs = $650-$670kSubtract $40k ($3k/yr x 13 yrs) for out of pocket expenses = $610k-$630k-----------------------------------------------------3 New rentals estimated value after 13 yrs = $60k x 3 = $180kNOI $13.8k/yr x 13 yrs = $180kI didnt factor in that I can use the NOI from the rentals to reinvest and purchase 1 additional rental every 2 yrs @ $27k w/ rent @ $700/mo ($350/mo addition NOI)It appears to be better to keep the 3 properties and just deal with having 3 mortgages until they are paid off.  

Congrats on locating a motivated seller and locating what appears to be a great deal, @Chris Puglisi .  

Not in itself a reason to replace but does appear to be on it's last leg.Have a roofing contractor look at it.

2300 Sq ft TriplexList Price: $600 kUnit 1: 2 BR $1850/monthUnit 2: 2 BR $1600/monthUnit 3: 1 BR $1100/monthTotal Rent: $4550/monthGross Income: $54,600/yrGRM: 11Assuming taxes and maintenance are 1.5% of list, each, then Expenses: $16,000/yrNOI: $38,600/yrProperty Info:Units appear to have been recently renovated, so there doesn't look like there is much forced appreciation potential besides some landscaping opportunity or just rent increases.

He also could have done a sub2, which might appear on the surface to be all cash, since no new mtg was recorded.

If two tax years are crossed, all cpa's and accountants appear confused.

Looks like you figured it out.Please review the forum rules before you continue to post:http://www.biggerpockets.com/forumrules.htmlIt appears that you haven't yet familiarized yourself with them.Thank you.

Excellent points.I do feel however, that it is absolutely impossible for the media to make all candidates appear equal in standing.We must ask ourselves if a Duncan Hunter should be given as much attention as a Hillary Clinton.Also, Hillary got enormous press attention for 2 years concerning this election cycle.

I literally had to clear a vacant lot equivalent with a 5 ton chain and my truck / chainsaw.

The 430k one appears to be a short sale or REO (comment says, "bank approval required"), so I'd probably rule that out.