BTW: How much do you intend to put down on this bad boy? What I left out on the first, blah, blah, is if you go, FHA multi family loan, you can do a, 3.5-6% down payment--not including closing costs. If you go with an investor loan, you're most likely going to start at, 20% down with points (fees) of, 1.5 to 4 plus percent. You find a lower down payment if that bank portfolios the loan or it has amazing, IRR which means every investor in the world is going to hope on that property. The bigger question is the, IRR (Internal Rate of Return) and the holding period you intend to hold the property. You want to run a calculation on that sucka to see if it makes sense and when you be getting your money back or what your, after tax IRR will be. Point is, this isn't income vs outflows. This is income (rents, parking, soda machine, tenant pay-washer/dryer) versus outflows (taxes, vacant loss, roof reserve/building maintenance, CAM, etc..) You want to run this out on a spread sheet, each property is going to have it's own, unique character. Good Luck! Oh, and when the agent tells you it's a good buy, ask them to run a capital accumulation model taking into account your tax basis to show you before and after tax with and without financing and your Cap Accum with and without financing. Okay, time for another beer!!