I am sure I can decrease to half but like to see what others are thinking) repairs $5500Supplies $1600Taxes $12,561 (based on my assessment, this expense will increase to $16K after sell)Utilities $13309 (Will have tenants pay this.

I am sure I can decrease to half but like to see what others are thinking) repairs $5500Supplies $1600Taxes $12,561 (based on my assessment, this expense will increase to $16K after sell)Utilities $13309 (Will have tenants pay this.

Most of the current craz seems to be driven by low inventory with no decrease in buyer demand.   

Here comes the number dump.PP - $219,900DP - ~5% - $11,000Mortgage - $13,75 (which will be less while I live there as taxes will decrease)Rent $950-$1,000Vacancy - 10% - 1140GOI - $10,260Insurance - $800Repairs - $1,000Advertising - $100Expenses with the loan / month are about $1535Total expenses  including loan 18,400Now obviously when I live here I'm (losing money) as I'm paying to live there which is fine with me as it costs about the same as it would to live in my current house (which I'll also be renting out).After I move out I will rent both sides. for about $1,000 each making the GOI - 21,600 leaving about $3200 or 266.66/ monthThoughts?

We're also trying to get new windows installed immediately, which should significantly decrease their electric bill.

While you might not increase your rental price, you will decrease vacancy and get it rented much quicker!!    

I never finished the licensing process, so my license is not "active", (too much CE that i personally found irrelevant) but I kept my relationship with a broker who I split the "commission" with if the selling agent insists, and most agents are willing to decrease the commissions for investor agents.

If you can increase NOI by increasing income or decreasing expenses, there is the value add in the investment.You can use various calculators to calculate cash on cash, cap rate and debt coverage ratio.  

And then there's this: Calculated Risk blog (Great on housing and the economy) reported on the MBA's Index of home purchase mortgages; it's at 1998 levels- http://www.calculatedriskblog.com/2014/04/mba-mortgage-applications-decrease-in_30.html Good hunting-

Each of these properties has had regular price decreases, so needles to say my curiosity is piqued.