The reason I pose this question is don't want to buy more than I need.I recently ordered paint for my business and had a Sherman William's rep come measure and give me an estimate of what I needed.

Thanks for the suggestion @Justin G, I will read it. 

@Justin HannahThanks for the reply Justin!

I found a 5 unit mixed property today for $100k that brings in $1850/mo just in the 3 upstairs apt's.

@Sam Bromano, I would recommend that you get as long as a term as you can get in regards to your debt, just in case you can't refi (minimizing your risk).

You will have tenant improvement costs, typically free first few months rent on occupancy, attorney legal fees to negotiate the lease ( property management company usually just does LOI), tenant rep broker commissions for bringing the tenant to your center,etc.   

But i am padding additional 8-10weeks on my holding costs estimate just in case.  

If its still blowing hot air and not cold air, that means the furnace still works.. so the issue is likely just in the cooling part of the system.   

Hello Everyone,I am just starting out in property investment and I found this website just in time as I am about to close on my first rental property.

I have an opportunity to purchase a 4/3 property in the town of Black Mountain, NC, just outside of Asheville, NC.We have the intent of renting this property out short term and occasionally using it as a vacation spot.I was hoping to get some input and opinions on the financials of this deal to ensure my head is not just in the cloud and that it actually has the ability to pay for itself and potentially provide some cash flow.