A handyman landlord working with minimal help can do good work in these places, stay on top of things, and keep perhaps ten of these tight little ships running with practically zero outside labor costs eating into his profits or excessive time commitments, while he does modest, leisurely little spec rehabs and occasionally larger live-in flips anywhere he finds deals, accelerating his timeline to  pay off his street of moneymakers. 

Made me feel like a smaller scaled NYC (without the excess lights of Times Square). 

Generally a rent increase of more than 10% is considered excessive, especially if no improvements have been made to the rental unit.  

This does present a hurdle to RE investors when they are first starting out because most of these new RE investors  do not have much excess cash to cover a large capital expense (or even a moderate cap expense). 

A quick background on me. i served 8 years in the military, and ended up getting out due to excessive amount of time i had to spend away from my family.

With these two categories and excess temps (above 90 degrees).

But he downgraded his house in Orange County to move in a condo so he can use the excess cash to invest in the mid west.. fortunate enough he has someone like me who he can trust to manage his properties.

He got prison AND had to payback 7 mil lol“The scheme involved kickbacks from condominium builders during the 2008 financial crisis, kickbacks that were hidden from lenders to convince them to fund loans in excess of actual purchase priceGroup members bought units for themselves and their relatives and on behalf of “straw buyers” with good credit scores who were recruited under the guise that the purchase was an investment opportunity that required no down payment and would generate rental income, prosecutors said.

I also think it matters how many you have, if you have one property you need more reserves than if you have 100 properties.  10K a house cited above might be about right for a person with 1-5 units but if you have 100 units setting a million bucks in reserve accounts is probably excessive, since its unlikely all 100 units will have a problem at the same time.

Should I take this excess cash and pay this down to get rid of that monthly payment or should I put it into consolidate it with the rest of my RE investing stash and move on to my next building?