Part of my reason for getting into REI is so I can live the wanderer lifestyle while I'm still young enough to do it and enjoy the activities that we love; we have a Northern Lite truck camper and while it's a bit too small for my husband and I, our 2 dogs and cat, it's perfect for traveling up to a couple weeks at a time, which is what we both want to do.Thanks again to everyone for the great advice and warm welcome.

Cap Rate: Not influenced by financing since it ignores debt and focuses purely on the return from the property’s income relative to its purchase price or market value.

Carpenters will charge a lot more to do this demo than a demo crew, on a purely $/hr basis.  

Kyle - I'm local to the Philadelphia area and would enjoy a conversation on real estate.

I agree that peace of mind is more important than pure cash on cash return

Doing so ensures they've had notice sooner rather than later, and also so they know I'm running a business and not simply enjoying a hobby in real estate.On the other hand, if the tenant doesn't pay the rent when due, the law in Michigan only requires a 3 day notice.

If it is performing well, the buyer pays fair market value for the home and enjoys the benefit of some future income with rentals you already have booked. 

Enjoy life until then.Always remember you'll regret impulsive things.

However that is also just natural in that more active members are going to be those younger investors that are in the high leverage growth phase and are asking questions and seeking help because they are new at it, vs many of the investors that have already built their larger portfolio and have consolidated it, now have low leverage and are just enjoying the fruits of their labor don't come on as much other than to help others since they don't need to ask questions as much. 

I always enjoy your posts which get me thinking and will be commenting in your note discussion tomorrow.