Our company manages portfolio of over 180 properties in north east... rapidly growing in CT, MA and soon NY and we are looking to expand into other states (Ohio, Texas) and looking for connections.

Man it is a crazy market on this side of town with the Exxon headquarters increasing the values here rapidly.

.$200/mo positive cash flow per unit after everything.5 units = $1,000 /mo50 units = $10,000/mo ($120K / yr, exceeds your goal)Think of it in terms of 5-unit increments - 10 total - or 10 unit increments - 5 total.My thing is "invest for income".

You should listen to as many podcasts as possible as that will bring up up the learning curve rapidly.

Additionally, the area is rapidly appreciating with new construction all around, coffee shops, a microbrewery coming this summer and several good eateries already open a block away.

In my neighborhood (Berwyn) the average deal single family is about $250,000, so the two hours I put into walking the neighborhood can rapidly be rewarded. 

We get people from Iowa City and Cedar Rapids.

Location: 8547 Acapulco Way, Stockton, CA 95210 - Current Price $168K (and dropping rapidly).Figure 1: Here she is; the Jewel of Acapulco Way!

But given one can always refinance the loan, the costs of the additional interest will be trumped by the initial equity and closing costs you save. 2nd, there are incremental closing costs of 1% of the loan value.

Is it dumb to buy a property that's around 150k even though the appreciation rate has been increasing rapidly.