#9  SWEETEN the POT:    Do not think that paying extra rent is going to entice owners to rent to you. 

I’m also looking into self-settled spendthrift trusts to add an extra layer of protection, especially as my portfolio grows.

One extra month of vacancy for the MTR could erase the surplus.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

The truth is, they will keep playing games and milk you for every penny they can, then they will leave the house a mess and cost more with cleaning, repairs, and vacancy.

Also, how much time do you want to spend doing real estate vs. your main job or extra work in order to fund it.

But I would charge the extra 3% to cover my costs.

That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.

In many markets section 8 is higher than market rate. and investors need that extra return to mitigate the risk of sec 8 tenants generally speaking.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!