Ok, some of you guys must be thinking, damn, why do an investment when it only breaks even?
First of all in this market, if your breaking even its because you either had a huge downpayment, got it for a great price, or terms are great.
The rental rates in Tucson have been real soft for many years. Based on my research, I think rents are going to go up real soon! So, a drip of water will turn into a stream and than a river in the future. Thats the plan.
In 2004, I only looked for bargain, bargain properties and I lost many great opportunities because I read books that said , "I passed on properties with $10 dollars negative cashflow!".