thethat is really weird language but the way I read that is if rent is $1550.

@Ezra Avery you might want to read below to understand Classes of Property/Tenants.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

We've been devouring all the BP podcasts, and starting to read the forums.

I've read about Benjamin Graham and Warren Buffets approach to investing at large and it resonates with me more so than the crypto-generation. 

I just read a new ranking of market ratings and I was not a fan seeing MN ranked 99.9 out of 100 potential score.

Read some other comments - I guess it is technically a cash out refi, but you're paying off a line of credit as opposed to putting the cash in your pocket which is what I typically think of when there is a 'cash out refi'.

@Aleksandra DrovalI'm not sure what statistics you're looking at but everything I've read and heard shows exactly te opposite, that hotels are losing to Airbnb precisely because of the experience.

When I first started investing in real estate, I always read that you should have your properties in LLCs to protect your personal assets.

2019 Goals: My last year in College- $10K in savings (Not Accomplished)- All A's (Not Accomplished)- Church every Sunday (Not Accomplished)- Read Bible every morning (Not Accomplished)- Read 20 minutes every day (Accomplished)- Go to Chilis 11 times only (Accomplished.

@Ed Lopez Many good points in this thread.A few things I was thinking about when reading your posts:1) At $500/month in rent with annual turns it is going to be nearly impossible for the cash-flow math to ever work.