Hi everyone,My name is Paul Harvey, no joke, and I'm from upstate Washington in the hot pursuit of attaining my dreams.I'm currently halfway around the world and have finally pulled the trigger on buying a house back home with cash only, as an investment.  

I am rounding my mortgage costs up for easy calculation and my owner expenses (percentages) are pretty conservative Purchase Price: $215,000Gross Rents: $2,400 ($1,200 per unit)_________________________________________________________________________________-Mortgage Costs-Principle: $1000Interest: 3.5% ( I may do a rate & term refi for a 3.2% interest rate)Taxes: $210Insurance: $140 (Lowest quote thus far)Appox.Total: $1350/month_________________________________________________________________________________-Owner Expenses-Utilities: $0/Minimal (water and electric separate)Prop.

Same deal.If you're in the ballpark, or even a little high, and planning to hold for a while, don't forget that Snohomish county is a hot market, on par with nearby Seattle.

Unless your market is really hot, it will cost you more in time and money than the commissions.

Hi Fandor, South Florida is one of the best but super competetive/hot markets to invest in right now.

Many new investors start off "too hot" and end up overdeveloping their first property or spending their money too fast - either of these behaviors will preclude you from achieving even your short-term goals and may knock you out of the game.

Many new investors start off "too hot" and end up overdeveloping their first property or spending their money too fast - either of these behaviors will preclude you from achieving even your short-term goals and may knock you out of the game.

Make sure you do your research on the reputation of anyone who might offer to help you so you don't end up in hotter water (there's a lot of great people on BP, but that doesn't mean everyone ) You may have to give up more of the future profit than you'd like-- but at least you'd stand a chance of getting to a profitable point.

Quite often, new investors start "too hot" and either overdevelop their first property or spend their money too fast - either of these behaviors will preclude you from even reaching your short-term goals.  

Expenses: $52,355-Janitor $400-Water $11,000-Repairs- $1000 (This seems so unlikely for a 19 unit!)