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The ratio on the property I currently have started out at about .7:1, or 1:1.4,

Oops. I dropped some zeros. I also stated the initial ratio backwards. Hopefully my example explained it better than I did! I meant that you're looking for a 100:1 ratio between purchase price and monthly rental income to break even. The ratio on mine was 70:1 or 100:1.4. Basically, the lower the ratio, the better.

Sorry about that. Hope I haven't gotten anyone's head spinning.

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