The landlord should keep a working capital reserve of at least one month’s worth of expenses regardless of float time.

We have family there and I only know it from visiting; does not strike me as a cash flow market, too much wealth floating around in a relatively small community.

Granted sometimes HOAs pay for roofing and landscaping but you get my drift.

That means you'd have to float the monthly payment yourself from other funds.

While we don't have a ton of moisture issues here with basements, we have expanding soil issues and have to build floating walls in basements. 

Good plan to start out but as you become accredited you will realize that its not scalable and you will drift to syndications... likely after house 4-5 or when your net worth goes over 500k.

A lot of misinformation floating around out there.

What does your lender charge to return to float?

I’m still trying to work the numbers and see if I’ll be able to float the deal.

If you can float this property, manage, make repairs, and survive for a 3 years out of pocket it will work.