Funny how tenants want you to spend time and money making upgrades and they reward you by not taking care of the property.  

Make sure you listen to your accountant on this next step; it can be a rewarding one.

Come to think of it this is the exact technique now taught as “wholesaling” by numerous Gurus.MMM – With inflation this is now 5MMM.

All business expenses go on AMEX Business or Chase Business accounts for the points; a nice little reward for everyone at the end of the year.

Does anyone have any tips for specific suburbs to look at that offer a good risk vs. reward mix? 

I have been very pleased with my investments here and have helped numerous investors purchase in Corolla and all over the Outer Banks.  

On the same note I have tried to get her to invest in other properties with me and she is terribly risk adverse and just can’t stand the thought of having her name and credit being attached to a large mortgage even though I have explained numerous times about how the bills and mortgage payments are made by the rent payments. 97% of the time she continues to be supportive of me pursuing the real estate on my own and has been supportive of me retiring from my job to pursue it full time.

As a landlord with numerous Section 8 tenants, I can attest that participating in the program can be a great way to secure reliable rental income.

Their perspectives have been invaluable in highlighting the nuanced balance between the challenges and rewards this venture entails.Self-managing, especially given the property's distance, presents unique challenges, primarily revolving around the commitment required for regular maintenance and promptly addressing tenant needs. a property management firm I'm considering offers a fee of 9.9% or an intriguing maintenance-only service at $95 per month.

Another reason I would sale is based on our “current” risk reward level.