It's too hot, and the relentless sun is not good for skin...

Hot young, tight little petite blonde and I figured what the heck.

One thing I haven't liked about 10,000 and less towns is that they are usually serviced by 1 major employer....and if some hot shot young executive comes in and decides to outsource the services of that town - there goes your entire portfolio.

Both teams just stopped hitting and the Phillies and yanks are really hot.

Blue collar area of town.Price $175,000 25% Down Payment $43,750 Potential Rental Income $38,760 Less Vacancy & Credit Loss$3,100 Gross Operating Income $35,660 ExpensesReal Estate Taxes $7,860 Insurance $1,975 Repairs & Maintenance $2,414 Hot Water Heater Gas $1,850 Water $2,715 Miscellaneous $300 PM $3,000 Total Operating Expenses$20,114 Net Operating Income $15,546 Cap Rate 8.88%Holding Cost (20yr @ 7%)$12,216.00 Cash Flow $3,330.00 ROI 7.61%DSCR 1.27

If there was a fire in her unit, because of all the fuel, it would burn very hot and quickly, endangering everyone in the building and creating more deadly smoke than would be normal in such a situation.

Some areas just can't support new construction, especially in the inner cities (unless it's truly a hot inner city market).

You can view the story here: http://news.yahoo.com/21-burned-walk-over-hot-coals-robbins-event-202003508.html.

A hot water heater is an appliance and could go out in less than three years, it's an expense, write it off!

Where I live In Cherokee county that same property is about 60k.Tenant class would be about the same.The LAST thing you want to do is saddle yourself with a high debt service and mortgage that cripples you from doing the better deals.I see it a lot where an investor buys a house and pays to much for it.Any little problem goes wrong like eviction and tenant damage or unanticipated repairs and you are now in the red.Many bought houses in your range when the market was hot in my area for appreciation.They didn't care if it cash flowed as the appreciation they could just refi out and make money that way.Sometimes people will buy something just as a tax write off to show losses and other times if you break even but the old property is sitting on future commercial land or other potential develop you can make a great return that way.If it's a house in a subdivision there is only so much you can do for an exit and return strategy.The numbers you have given I would not do the deal.