How much positive cash flow do you make per investment property per month in dollar amount?

They can't pay their rent and they aren't eligible for a mortgage, don't put yourself in that kind of position.

I am sure each branch of active duty has this official position, but I do not know what they are called in other branches.

I got put into a position today that I wasn’t expecting.

Consider too that we’re still in a seller’s market...ask yourself if you think you’ll be ok with having the duplex down the road when the market swings into a less favorable position.

Not sure where you live, but if you can rent a place for $1000 or less, you'd still be $500+ positive each month.

So if your RMD value for the year is $2000, as an example, you need to ensure that a rental property creates at least that much positive cash flow after expenses.  

Problem: Being that it’s a condo, I will be paying a HOA, but if I’m calculating correctly, there will be a decent positive cash flow.Thought Process: The lovely prices of single family or multi-family homes are a little out of reach right now, which is why I’m looking into a condo that I can afford.

Hey Joseph -- In my experience, carpet is both more expensive to maintain longterm than other flooring options (due to the constant cleaning and replacing required) and tenants prefer the look of "wood" flooring. 

But you're right, once you view it rationally like that, it can remove the emotion and put you in a position to learn and grow from it (which is exactly what happened to me here).