The numbers are fine, not spectacular but I felt good at the time.The financing is not yet final as I haven't yet gotten insurance.

Finally, Scott Meyer has a lot of free material on his website as well to learn more about it. 

With the considerations I have outlined above for missing and low expenses, I think you will be cash flowing negative for many years before this property finally starts to support itself.

We finally got a multi-family under agreement and I'd hate to give it up because of this!

My approach is plan for the worst and hope for the best.Is this the wake up call for most of America that living a consumerist lifestyle is not sustainable and that they need to serious change the way they manage money (or lack their of).They don't use budgets, they think promotions and raises is the answer to finally have a little extra money. 

I will evaluate the final costs once I complete and sell the property.

One final thought might be that the people most impacted by this could be small investors with multiple rental properties.

So I have finally decided it is time to dive in and try to set ourselves up so she can retire early.  

But even then, you will need to know the ARV for the area and what the rehab costs will be to know if it is worth the effort.As to your question on how it can be affected, well worst case scenario, your tenants can't or won't pay rent and then you can't evict and when they finally do move out, you will likely have a very damaged property.

Hi everyone,I think I'm finally ready to start posting in the BP forum.