There are likely huge anticipated future expenses.Otherwise, why would the market ONLY be willing to pay three times gross rents? 

(repair-cost)your taking a chunk of risk that there may be much worse problems than you anticipate. you need to get compensated for that. how much is fair for that?

I don't anticipate an across-the-board crash in the 2008 style, instead, I see valuations that do not pace with reality in the most expensive (coastal, primarily) markets.Right now we're in a very top-heavy moment.

Greg I agree with you 26k was much higher than I anticipated and based on all the feedback I have received on this post and another post seems that my suspicions were correct .

Shooting & Editing the videos ended up taking up a lot more time than I originally anticipated, but they should be coming out shortly. 

Ill have to get all the numbers on it but we will be in roughly for $55,000 and anticipate a resell for $100,000. 

These failures are fairly common but not often not publicized.It is OK to own real estate properties with maximum downpayment anticipating a income loss, loss in equity.

Based on the income statements I'm looking at and our expected cash flow with all of the above fees factored in, we would break even in ~7 years, and also anticipate some appreciation in this area.

Anticipate the worst, hope for the best.

Job growth and economic development in the area, such as the establishment of new manufacturing centers, will further bolster housing demand​​.Mortgage Rates and AffordabilityMortgage rates, which have been at two-decade highs, are expected to stabilize and potentially decrease slightly due to anticipated federal rate cuts.