I do however make one change.When I serve them the eviction notice, I do put on a happy countenance and smile...

And, for goodness sake, maintain healthy reserves.Best to you.

If you can get $700 in rent and make some money after paying your flood insurance (and everything else) you can put some coins in your pocket and go through most of your days smiling.

However, investing without a healthy cash reserve is way too risky.

LOLWork on your first one and get that down pat.Yes over time you can minimize costs and pump up the profit numbers each year over the 50% guideline.When you go to sell the new buyer will be looking at a lot of deferred issues resulting in a lower price.The bathrooms and kitchens and mechanicals will need replacing at various times.I see this all the time where apartment owners show healthy returns over the years but when I look at it I can see huge costs in needed repairs going in.These repairs if you tell yourself are not a big deal will take away every ounce of future cash flow for years from your projections.

I hear the Republicans attacking Biden for smiling, :), he was using an appropriate gesture to show the malarkey being dished out, laughing at what was said, not who was saying it.

Happy to see your smiling face even more often on BP.

"I've been talking to her for months and she never so much as cracked a smile.

You also could look at new construction is there is a healthy market (Boise?).

It is a healthy fear.