Let's say now I bought a multi-family that produces $300/mo after expenses and I add that to my $1,000/mo that I "pay myself".

Hi @Bruce A Plumley,You should carefully read your lease to make sure they followed the correct procedures and timelines that were outlined.

That should cover most of what you need to know.The relevant sections of the law (in Texas) are: Texas Property Code•Chapter 24 (Forcible Entry & Detainer)•Chapter 54 (LL's Lien)•Chapter 91 (General Provisions)•Chapter 92 (Residential Tenancies)•Chapter 93 (Commercial Tenancies)•Chapter 94 (Manufactured Homes)•Chapter 301 (Fair Housing)Texas Rules of Civil Procedure•Rules 509 – 510Most will *not* apply to every case, so don't get intimidated.

Also, some advise is that you will find its hard to produce the necessary debt/income ratio to make a duplex ever work unless its fairly cheap - this happens because you are taking up 50% of the building gross income potential by living there. 

I know there are probably other details that might be needed and I'll produce those to help paint the investment picture for you.

High producing salesmen might be on a 80/20 split.

By doing so, we gain the benefit of power in numbers, giving more work for the companies that produce quality work, and straightening our relationships for personal security and our investors. 

NOTICE: If Landlord fails to repair a condition that materially affects the physical health or safety of an ordinary tenant as required by this lease or the Property Code, Tenant may be entitled to exercise remedies under §92.056 and §92.0561 of the Property Code.span>If Tenant follows the procedures under those sections, the following remedies may be available to Tenant: (1) terminate the lease and obtain an appropriate refund under §92.056(f); (2) have the condition repaired or remedied according to §92.0561; (3) deduct from the rent the cost of the repair or remedy according to §92.0561; and (4) obtain judicial remedies according to §92.0563.

I still have that property, and it produces great cash flow. 

Vinyl tiles are on the lower end of asbestos risk, so the remediation company doesn’t need to follow all the same procedures as if say they were removing asbestos plaster.