I just stumbled onto this site and want to start learning how to do the obvious, investment the money wisely in income producing rentals and avoid taxes.  

How I would go about pricing this property would be based on the income it can produce, I would use a direct capitalization and also a discounted cash flow analysis.

Using debt properly is a key aspect of growing a healthy real estate business.  

And even if the cap rate increases again, I am OK because the 42-unit building I am buying will produce a lot of cash every month (in fact just the cashflow increase alone is over $75K/yr).2.

You're paying $85/ month because you're  young and healthy.

Appreciated 3-5x and cashflow is very healthy but taxes and insurance is starting to become problematic but still cashflowing after refi cash-out to buy other properties.I believe those who bought with positive cashflow didn’t suffer the same faith as thought who bought for appreciation with negative cashflow.

Or add some extra for a cushion.Personally, I would buy properties all day long for $80k if they produce $950 per month rent and I can increase the rents by 5% per year.

have your wife be a top producing retail realtor and your troubles are over.. 

That will force her to pony up the proof.And if she does produces something, verify.

You will have people checking in and out, you will produce more in a short period of time.