BTW attorneys that specialize in landlord tenant law have a standard lease that you will sell you.

If they are, you'll be restricted on increasing income and may even have to lower your rents if the utility allowances increase from year to year.Just a few things to consider.

Plus comparing that to investing in stocks.Based on what you just said, let's say the property increase by 10% every year. 

One-time Expenses$1000 - Acquisition Costs (minor rehab, legal, & inspection)Annualized Expenses10% Gross Annual Rent - Vacancy Costs (turnover & lost rent)10% Gross Annual Rent - Property Mgmt (standard)$1176 - Repairs & CapEx ($1 per sq foot for tpical property)$1516.46 - Property Taxes (5 year historical average for typical property + 10%)$1000 - Property Insurance (a nice round number: seller reported that he paid $708/mo for one duplex)$27 - Water & Sewer (average across several properties from last month)$0 - Gas, Electric, HOA, Snow Removal (tenant pays or not applicable)$60 - Lawn Care (I made this number up)COMPARATIVE ANALYSIS:This is my analysis of the five properties that are being negotiated right now, listed from best to worst.Property Alpha (two-flat)$1250 - Income, Monthly (actual)$567.37 - Expenses, Monthly (estimated)$42,000 - Price, Signed Contract36% - Cap Rate (Annualized Income / Price)16.6% - ROI, After Tax (annually, assuming 15% income tax)6.0 Yrs - Until this property pays itself offProperty Bravo (two-flat)$1100 - Income, Monthly (actual)$537.37 - Expenses, Monthly (estimated)$42,500 - Price, Signed Contract31% - Cap Rate (Annualized Income / Price)13.1% - ROI, After Tax (annually, assuming 15% income tax)7.6 Yrs - Until this property pays itself offProperty Charlie (duplex)$1075 - Income, Monthly (actual)$532.37 - Expenses, Monthly (estimated)$55,000 - Price, Informal Discussion23% - Cap Rate (Annualized Income / Price)10.7% - ROI, After Tax (annually, assuming 15% income tax)10.3 Yrs - Until this property pays itself offProperty Delta (SFR)$875 - Income, Monthly (actual)$492.37 - Expenses, Monthly (estimated)$48,000 - Price, Informal Discussion22% - Cap Rate (Annualized Income / Price)8.8% - ROI, After Tax (annually, assuming 15% income tax)13.6 Yrs - Until this property pays itself offProperty Echo (SFR)$770 - Income, Monthly (actual)$471.37 - Expenses, Monthly (estimated)$62,500 - Price, Informal Discussion15% - Cap Rate (Annualized Income / Price)4.1% - ROI, After Tax (annually, assuming 15% income tax)24.4 Yrs - Until this property pays itself offNotice how the price keeps going up?

Yesterday in my morning emails I saw this lovely message for VRBO:Needless to say I have no attempt of getting the guests info.Under "Take Action" among options I could declare this as an error and asked the "standards violation team" to look into it.Didn't hear until mid day, when I decided to call the customer service.Spent almost an hour with the rep whose conclusion was that I have a language in my listing which in a nutshell asks my guests to avoid an instant booking without telling me a bit about themselves: Who they are, where they come from, purpose of visit, etc.  

That way you can use 75% of the fair market rent on your units, it will cost you a little more than a standard appraisal but will help improve your DTI ratio.

You can't predict future liquidity, lending standards, interest rates, etc.

If you took that extra money you were paying down your mortgage with and invested it elsewhere, you should (hypothetically) be increasing your net worth much quicker.In regards to general savings, I have roughly 2/3 in the market and 1/3 in a savings account earning 1.3%.

I've learned here that developing better systems, delegation of work/ responsibilities and building a team is the only way to maintain or increase project flow with the goal of achieving a better quality of life.  

Seems like there could be a noticeable increase in cashflow if I could convert away from oil.