Quick overview: FHA/203K stream line LOAN at 4.25%purchased a duplex for $299k in Boonton NJ. 203k at $19,800 on chimney repair, roof, and miscPITI + MIP $2,771Rent: 1,700First water/sewage bill is $78 per quarterEstimated rehab cost is around$50k ish and I am hoping to do all the updates within the first year.

You won't retire on that income stream, but you'll probably break even or slightly better, and you'll have a beach property you can visit a couple of times a year.Or you can get an SFH/Duplex in a different beach community and make a solid profit, and still have a place to stay on the regular.

If someone gave you the building, or if you paid $1billion for it, the amount of income the building generates is the same.Once you know how much income the building provides then you can decide how much you are willing to pay for that income stream.

However, you just need multiple streams of leads and a system in place to weed-out the bad ones.

We are seeking in 2016 to stream line even further.  

There is active and passive income streams.

However, I've come to the realization that I need to start establishing some stronger, steadier, and consistent long-term income streams.  

My husband was the only heir, and also the PR and could have sold the property, either by carrying a mortgage back for a new buyer & getting a stream of income, or by having the new buyer get cash or a new mortgage. 

I also don't want to operate under the assumption that I will be able to increase rent over the coming years to accommodate lack of cash flow in the here and now.To that end, I have been trying to determine exactly how much of the cash flow needs to be dedicated to capital expenditures in order to ensure that my cash reserves do not run out, provided that I have no other income streams than my rental properties.

I have been inspired by the podcasts and insight on BP and appreciate how a LONG-TERM buy and hold approach (my niche and strategy) can lead to quite significant 'passive' income streams over time.