Oh, one more thing...don't forget that cost of living increases at least 4-5% each year...so that brings your 6-7% down to 2-3%.

oh and keep it BiggerPockets.

In addition, at least here in Ohio, every time the gas company comes to turn the gas on, they invent some new excuse for the gas not being able to be turned on.

For example, if a person had $50,000 cash to spend on their new rental business, they could buy maybe one (or two at half price) rentals here in Ohio.

oh ok, gotcha - thanks Jon

I may start a job, get thru a huge chunk because you said you wanted to pay me in draws, now you may pay me a draw or two, and all things may be fine, then when we get to the end of the project you may say "Oh jeez Im sorry I dont have enough money to pay you !"

Oh my gosh - thank you so much.

Oh... it doesn't, it's just sarcasm.

@Rick Baggenstoss Oh and as for making it a discussion at GAREIA, that would be great!

This is two $100k duplexes that will rent for $1400 a month, with $35k of financing being provided by my oh-so-generous bank (LOL).