Of course, your cash flow is almost nill, but there are several great things that will happen;1) You will be able to increase the rents on 5 houses every year. the first 1 or 2 years you are depressed and think you made a huge mistake, but In a few years, after increasing rents, your will be bathing in cash. in 10 years you should be earning 5 times the cash flow you would have earned by paying cash for 1 property.2) You never get rich from purchasing and renting properties.

This not only allows you to leverage off others experience, it's also a good way to ensure that you don't make $100,000 mistakes with other people's money. 

But ya live and learn so I wont be making that mistake again.

Hi everyone, I discovered a major rookie mistake on my lease agreement with my current tenant who signed July 26th. 

I believe it’s the last Tuesday of every month and it is run by Joe Fairless.https://www.eventbrite.com/e/learning-from-investing-mistakes-cincinnatis-best-ever-rei-mastermind-tickets-68314908731

I thought it would be nice to have new people to follow me to see a regular guy struggle make mistakes and try to figure it out and for experienced people to give advice and tell me how I'm screwing things up.

I’m wondering if I’m making a mistake keeping it long term.

It's important that you have a firm grasp on everything before committing capital so you can limit mistakes.

Not only can you learn from their mistakes but they will hold you accountable for following through on your daily action steps. 

The other issue with this potential deal is finding money and or a partner to go in on this deal but before starting to find funding, I want to be sure that I understand the numbers well enough and have an accurate model.I know I am making a mistake somewhere however I do not know what I am missing, any feedback on items to take a look at is greatly appreciated.