Narrowing down the type of investment that suits your current situation with regard to time, finances and risk (even if you delve into other REI areas later) can really help whittle down the amount of time you need to devote to research and decreases the probability of analysis paralysis.Best of luck in your new adventure!

(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.