When I posted this yesterday, a thought crossed my mind.
I wondered what sort of Investment Analysis software the previous owner used that convinced him or her to buy the property.
You know those programs: They factor in appreciation, and income tax advantages and use some high tech formula to compute a cap rate .....
What might have been of more benefit to that previous owner is some plain old skool arithmetic ..
If the total monthly income number is bigger than the total monthly expense number this equals "A Good Thing."
If the total monthly expense number is bigger than the total monthly income number this equals "A Not So Good Thing."
