(We get a %0.25 rate decrease when we pay with an auto debit payment.

I understand real estate far better than anything else, I can identify and execute on market inefficiencies, force appreciation, increase rents, decrease expenses and get long term fixed rate debt under 5% all while owning hard assets that cashflow.

Decreasing IRR over time, assuming you're not taking anything out over time, seems counter intuitive.

That is a great interest rate and in 27 years inflation has greatly decreased your debt and you have offset the payment to a tenant, and you have depreciated it over 27 years and got all those tax benefits.

High expenses, management problems, decreasing values?

Can we just talk about the recent 75% decrease in Real Estate Value in Flint, MI?

Doing so will slightly decrease your personal credit for a few months.

Of course you'd have Cap-Ex and property taxes which would decrease the cashflow.Is $174,900 a good price for the property in your area ?  

I estimated it will need 35 days to finish which is with $7000, please permit fee $1000 total. it comes up roughly $35k.right now, I am having some thoughts and concerns.1) the area is with a few break in for the staged properties, I am taking a risk of lossing the appliances and I heard after the break in, the realtor has to put that to the disclosure which might decrease the property value.2) I need to replace the dead tree of the public sidewalk, which I called many times to the city and no return calls, I plan to go to their office in the coming week.3)the dirt level too high under the crawlspace, I might need to have someone to dig out the dirt. currently it only has 6 to 8" on some areas.

If you buy right you should be able to increase not decrease your purchasing ability.