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Paying Down Debt a Painful Reminder
We've paid down about $40K in debt this year, because opportunities for purchase were not good. Paying down debt is a teacher. It is a monthly reminder of how much work I need to do to find properties that are indeed good deals. It makes me more motivated to find properties with higher cash flow than I've had previously, because every property I pick up, is that much more of my time and efforts.
We axed our Property Management company. I found their vendors to be hugely expensive. Again, another lesson...keep your cash flow protected. You get an occasional call, sure, but it's no big deal. You adapt to it.
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