A more precise way of explaining what I'm saying is that you should always invest cash in whatever investment you can find that yields the highest returns.Paying cash towards your mortgage is financially identical to investing in a zero-risk investment that has an annualized ROI equal to your mortgage rate.

Maybe I am missing something.The way I've seen it calculated is 50% of the rent goes to maintenance and the rest goes to the mortgage(minus taxes/ins).Taxes an insurance could be pretty substantial when doing the numbers.

I can see where I could do a letter of intent saying if you rent at this amount and never miss a payment, keep the place in good condition (not maintenance) at the end of five years you may buy the MH at it's book salvage value of five hundred dollars.

The attraction of a condo is less hands-on lawn care and exterior maintenance.

. - I look at the asking price then 10% for maintenance, 10% vacancy, 10% property management (even though I plan on doing the work myself on the first property I don't wanna be forced to do it forever), insurance fees, and taxes.

The one thing no property manager I've used does that I wish they would is take the time to walk the property like the owner would every once in a while -- find the maintenance items the tenant never complains about like the back door frame needs painting before it rots or vinyl floor starting to curl by the cabinet and could use some caulk before it's ruined or fence pickets loosening.

Its a high end property with maintenance and repair of said tub factored into high end numbers.Thats about as short and sweet as I have in me!

I've found it can be difficult to focus on your own investment goals if you're constantly taking care of clients, (I tend to be a workaholic) so I try to take only low-maintenance clients and don't advertise myself much.

Will correctly pointed out that you might seem to be currently breaking even on paper, but things like vacancies and any repairs and maintenance will put you at a loss each and every year, and maybe a little less so in 4 years if you refinance now.

You pay utilities and maintenance of the laundry rooms.