Has anyone checked with an attorney with regard to this and got a precise answer ?

I had an entire room cry foul when I described my late fee program in Massachusetts, claiming I violated the law and that late fees were not allowed; a few seconds later on my PDA, I downloaded the specific statute the allowed precisely what I did.

There are charts that can help you analyze your performance trends in the long-term.

Ask again after January 27 when the FOMC meets again and you'll get a more precise answer.

The further you get along in the process the more precise the numbers can be.

If you look back on this thread, you will see that I posted the chart showing our growing inventory here in S Florida.

Axiometrics posted their latest chart of multifamily permits for their top 40 metros- it's good to know how much new competition you'll be facing.

I made a little chart below.

This has worked very well.The chart below shows the number of homes that are renter occupied versus the seasonally adjusted homeownership rate."

Google it, and the 1st link from office.mircosoft.com should be the template you need.3. for the Excel spreadsheet, think of time progressing downwards; the further down in the rows you are, the further through the months4. to map each property, give each one 5 columns {Month #, Mortgage Balance, Principal, Interest, Additional Payment} * that is the month you're on in your repayment to the bank (1-360) * balance due to the bank * that month's principal payment (this is why it's handy to have the amortiation worksheet) * interest for that month * and what additional payments you'll kick in from the other properties.5. when adding a new property to the sheet, just list the following as headers so you can add them into your equations {purchase price, down payment, P&I, cashflow when mortgaged, cashflow when paid-off}.6. to make this all work, you take an iterative process * start by charting your 1st and only property, and plot it out so it takes 360 months to pay off * add in your 2nd property, and add its cashflow to the "additional payments" on you 1st (or have your 1st property's cashflow pushed into your 2nd .. whatever you like) * keep doing this up to your 15th (or in my spreadsheet's case, my 5th property)Some insights I've gained:* the snowball effect works!