If young, buy the worst house with large sized lot in the best location . Lots of time to update, tear down, remodel, etc. Be closest to major work center as possible.
If older, buy in most convenient location (whatever that is ie family, shopping, restaurants, friends, medical care, beauty) with minimal need for remodel or tear down.
It is not the courage and willingness that I lack, it is the number of years left. Yes, if I were like you and younger there would be no excuse to not try to max it out if prudent to when I have the know how, the contacts and the cash/equity line just waiting to be deployed into action. But, the reality is that we are both over 50 and we have no children. I’ve owned some type of investment property shortly out of undergrad. I’ve worked since early teens. That, is a long time of working and having all that responsibility of home ownership and fielding renter calls. What is the point of accumulating more than my current 3 houses to only one day relinquish it all to either Uncle Sam or some lottery hitting family member???
cash flow is more negative than just 54845.32 - 47400 = 7445.32
he assume full 12 months of rent and 0 maintenence + PM fee.
may i ask what do you do for a living? you and your wife both working? same field?