And I'm a huge fan of the episode notes, a lack of notes was one of my biggest frustrations with my current podcasts.I wonder how long until you hit the #1 for RE, investing, and business.

As for condos, I am not generally a fan of condos for several reasons, but I recently considered bidding on some at auction.

"Getting the banks eggs in with yours into the same basket" is nice advice, except that the bank has far more backup than your $500k, and far more bailout options when the **** hits the fan - whereas all you have is those properties or whatever's left liquid of your cash.You say you've lived overseas (still are), and plan to use PMs, so I'm assuming you're not planning to be hands-on.

I'm a big fan of the small multifamily properties - if you can find a good deal on one.

I'm a big fan of adjusting while in flight.

I am in your shoes as well... read J Scott's blog (123flip.com) lots of awesome info.

I remember being appalled at the thought of having to unlock a fridge everytime I was hungry or wear water shoes to take a shower.

Let me play devil's advocate and fill in some guesstimates for additional expenses, vacancy, etc.Rent 40,080 3% Vacancy/Credit Loss 1,200 OpEx:Advertising 300 Insurance (fire and liability) 1,200 Lawn/Snow 300 Repairs and Maintenance 2,400 Taxes - Real Estate 3,600 Utilities - Electricity 500 Utilities - Fuel Oil 1,200 Utilities - Sewer and Water 600 TOTAL OPERATING EXPENSES 10,100 NET OPERATING INCOME 28,780 Debt Service 802 CASH FLOW 27,976 Cash-on-Cash 7.44%I must tell you that I'm not a big fan of cash-on-cash as a metric, because it doesn't take into account time value of money -- it assumes just the first-year's performance.

I also am a huge Dave Ramsey fan and working through the baby steps right now.

That is in the median of avg home buyers, looking at young first timer or young family.I got 1960 ceiling fan brass and low ceiling.