This duplex that I'm looking at is about the same price as a Honda Accord with the extras here.

Bc you know where the seller is, and I'm assuming he's willing to sign papers, it should only take a few extra days...

It cost me 240 bucks a year to join and they wanted me to pay extra to shop my deals in front of the room.

I risk some calamity with the economy, etc. if I hold off, but I expect to make an extra 15K or 20K (if the appraisal doesn't screw me up) if I wait.

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Our current plan is to just apply all the net rents (cash reserves already established)and all the extra money from our paychecks to pay the debt off in about 12 to 18 months.

If top is ajar and extra bag on the side - 3-cans.

I mean, we could all just chug money into our 401k's and let Fidelity or whoever control our retirement... most of us are willing to do the extra work of being a land lord or RE investor to boost our returns... by that same token, why wouldn't we be willing to be a bit more geographically mobile in our investments to further boost those same returns?

Just a quick point... the 50% NOI calculation includes vacancy.Numbers seem solid and I agree with your cap expenditures though based on what I have read you would probably want to create an escrow/savings account as those expenses will come and that would put you in great position to deal with them.Not sure what the whole side deal is with your brother but the numbers seem to add up.

If they caused a problem, they should fix it or pay if someone else has to do it.Sounds to me like you've bought a property in poor condition and the PM is nickel and diming you for a little extra every month.