For me, the security of owning our own home is worth the potential income loss, so we refinanced last year to get our interest rate cut in half and 10 years shaved off the term of the loan.

Hey Justin S. have you found the property management company to be effective?

I think you've already had some pretty accurate review of the "50% rule of thumb", I personally use it as a quick check of "do I even need to bother" and to keep me from shaving some expenses here and there to justify the deal.For the down payment I like to use Cash on Cash return, that gives you a % that your actual cash in the deal is earning.

Maybe a cream color with a taupe or light golden trim?

I contacted Rustoleum and even though the color was correct according to them, they sent me a refund check so that I could buy the plain old white, which is what I really wanted (it looks more cream on the box sample).I have had it for a year and it has been just fine.

I have stayed and played golf at Augusta, ( Ron Daniel COO of McKinsey was my host and is my business partners step dad) and his buddies travel in G 4 's.. Having

This would shave $140 off the $230 and still leave you only $90/month positive cash flow.To summarize: Your numbers, at best, give +$90/month.50% rule gives: +$56/month2% rule gives: 1.05% ((monthly gross rents / (purchase price + rehab)))You left out cap-ex.I would pass and find a better deal.Hope this helps.

I would suggest using someone local, as every town has their quirks and someone that knows the process of the area and has gone through their planning and building process helps shave off time.

I've seen a few thousand being shaved off from MLS properties after having an inspection, but nothing close to 25k on a 130k contract.

In regard to your point about comparing to past performance, do you mean the performance that previous owner(s) have experienced?