Show them other nearby listings.

They say that's good for them because they have 2 kids in the elementary and one in a nearby daycare.

I finished my coffee, and noticed that everybody was staring at me . . . . .

Assuming $49,206.35 per unit is a good price relative to similar nearby properties, and there is demand to keep your units at a reasonable vacancy (say, under 10% vacancy), this looks like it might work.Rent: $650Expenses: $325 (50% rule, read in the Rental Property forum if you don't believe this.)NOI: $325Price: $49,206.35Down: $9,523.81Loan: $39,682.54Payment: $231.54 (7%, IO)Cash flow: $93.52 per monthCash flow: $1,122.22 per yearCash on cash return: 11.8%Now, IMHO, 11.8% return is too low for real estate.

Especially anyone wondering about the "magic formula" of working short sales or if you're curious about Club Fed, Obama's good ole boy club featuring Georgie Soros, Paulson and the GS wrecking crew:http://www.thinkbigworksmall.com/mypage/player/tbws/23088/1153419Safety Tip: don't drink hot coffee while watching.

We would love them to be closer, but there is nothing nearby that will cash flow positively any time soon.

Goes like this…We have one long building approx 3300 sq ft. with a couple of waiting rooms, ex doctor offices, remember, a nurses station, a coffee break room, several bathrooms, including a handicap one, a large phone and file room, and about 5 or 6 nice office spaces and about a dozen of what were once examination rooms, about 150 sq. ft. ea.

For me, it was a decision to live at home with my parents in a small town where there are no opportunities for work nearby, or to move away from rural Connecticut and become a tenant in an area that will allow me to pursue a career and save for a down payment on a home.

Find recent similiar homes that have sold nearby to get a more accurate value.

As for paint, Valspar Cream in My Coffee is my favorite wall color right now.