I haven't looked at the water usage, but I do anticipate they're running the water on maximum heat with the bathroom door closed and not having the exhaust fan on. 

Also, the rent for one unit has not been raised in approximately 5 years and the other in over 2 years, therefore I anticipate the rental market value upon tenant departure would be ~$1,600.

We will now build across both lots tearing down the existing SFH.Our acquisition costs are closer to $150k, build costs estimated around $600k and anticipating $200-225k average sale price per unit. 

I recommend to my clients to do this when you anticipate EBIT to exceed $1m.

I assume his post is accurate in that he anticipates financing less than $2.5M and as an issuer (and not a dealer) per our state securities law.

I bought them all awhile back in anticipation of having a child one day.

But it appears we are in a transisionary period and I'm anticipating a gradual decline from peak levels unless something dramatically changes.  

Owning property in Newark is much more time consuming than I anticipated.  

There will be times it can be trying, and try to anticipate those situations before they happen.

My guess is you have not actually sat down and done the real math required or anticipated the headaches of being a landlord/investor.Assuming you are a hobby investor, you have surplus income to supplement your investment income monthly and you do not mind contributing cash monthly resulting in lowering your actual end profit who cares.It is a combination of investing and forced savings.