You have twice the number of big ticket items; roofs, furnaces, etc)InsuranceMgmt Fee - as a %Vacancy- as a %. 8% represents 1 vacant month/unit/year

Oh, and snowboarding cost tons more because I always had to by weekend lift tickets (way more expensive than weekday) and fight the crowds.There are several paths to lifestyle design.

Obviously a bad idea, but statistically some people will get away with it, then come on the forums and say exactly what you mention, perpetuating the cycle.However as you start acquiring more properties, which I'm assuming is most people's goal on here - to have a substantial amount of passive income - the more individual properties you have, the more chance of at least one big ticket item each year.

It's a TranctionREIA meeting and $20 ticket.

Unless you you can scalp tickets from your ticket oak that is. :)

That is where it was when the neighbor called the police to have the ticket written.

Most of the articles I've read state that you still want to make sure to take care of any big ticket items to avoid "equity stake" issues.

If they have $30M to invest, they can afford a plane ticket to come visit you and see some of your properties.Btw, when you say "northern Africa," do you mean Nigeria?  

If you look at 8 houses, and you are reviewing all at the end of the day, you can tell where one ends and the next begins,  We also make sure not to take too many pictures. 8 max of only the high ticket items, roof, windows, kitchen, electric panel, kitchen, baths, furnace, ac, front and back, andything unusual,  i dont want a picture with a hole in drywall that will cost 25.00 to fix, no pictures of carpet of paint, or things we will replace in every house.... always a couple photos for perspective. 

On this point, it also helps to find a local agent and inspector who are tech savvy - I've been using FaceTime to tour properties and be "present" at inspections, which has worked out well and saves me money on airline tickets!