Hello BP peeps, I would like to share my account of my second rental deal, while it wasn't smooth sailing, I have learned a lot from my struggles and a few NOs along the way.

I've talked to builders and investors that know people that were over-leveraged and lost it all with the housing downturn.IMO all in all though I think either way can work great it just depends on what your goals are and I think it's important not to get over leverage to the point you don't have the cash flow to weather the rough times, assume rough times will come and you might have a year or 2 at really high vacancy rates.Some of my main goals are to have great cash flow per unit, less management per cash flow and have more security by not having high debt responsibilities.I know one thing, by the time I am ready to retire and kick back and sail with my portfolio I want it to be all paid for or be able to scale back and pay off properties until I get to that point.

The second year it sailed through without a single thing being noted.- Other than that the inspections the housing authority is completely hands off.- The bigger percentage S8 pays the better.

As they say, "the only ship that won't sail is a partnership." 

That could really take the wind out of his sails!  

It's not running at full sail to consider his counter price.

In my eyes, if an area is popular enough that it is getting multiple articles written about it then I can't help but get the feeling that "that ship has sailed" when it comes to investing in an up and coming area. 

I talked just recently with a trusted broker I know out of the Sacramento area to ask him his advice about finding investment properties in California and he said "the ship has sailed for that" and that's not hard to see especially in today's market.

The majority of you properties should be smooth sailing and collecting an easy fee.  

I’m already lowering my monthly expenses any way I can to sail through this and carry on if they fall short or behind on rent.