The craziest part of it all is that I've never been happier.From here, Alec and I will continue to build Detroit Riverside Capital into a full-scale investment and development firm, with this first project remaining the top priority until its completion.

However, if you're able to get your target price and get $1,400/month per unit, you'll be in great shape.The key is that you'll have to remain disciplined as the purchase price is key. 

Using that rate of return, along with the payment amount and remaining number of payments, you can calculate the value of the note on your financial calculator. 

I purchased this home at 198,500.00 it is now valued at 232,000 minimum and i owe 186,668.73 remaining on the home.In short is it best to sell this 2 year old home thats in a developing neighborhood or should I create my first rental with this home?

If a washer/dryer remains from a previous tenant we outline in the lease they are more than welcome to use it, but we will not repair/replace in the event an issue happens. 

Remaining money could be used as down for an investment property.  

Yes, the question remains whether a QC deed wipes of the need for the foreclosure action in Arizona as it is the same state statutes for each county. 

That means there will not be any significant demand, it will remain rather stable. :)

That leaves me a remaining bucket for "cash flow and repairs".Using the 50% number it still appears I'm losing about a grand a year cash flow wise.Using the "hard costs and repairs", my best case is I make $6,000 a year on it.  ($500 per month per door).  

Do your current P&I payment * 23 years (time left remaining).