In some cases, after crunching the numbers, the profit margin was so slim—or even negative—that I had to pass on some promising opportunities.Here’s my situation: I currently own two properties—a primary residence and a rental property—both of which have substantial equity.

In the end, it would have made more sense to hire a couple handymen for a week or two than me spending 3 weeks installing flooring, base and case.

We have had voucher tenants in two separate markets and have found them to be our top performers overall.

Or, in Providence, RI they took the oldest indoor "mall" (Arcade) and converted the second and third floors to apartments.  

With that being said, I have probably purchased around 20 or more properties in the past 2-and-a-half years and I have made money on all but one or two deals.

I want a good turn key property that can be set up with a management company and I would like to repeat this process at least two or three times this year. 

A study recently completed showed that most squatters are attracted to two properties: vacant and those listed for rent stating 'for immediate occupancy' or vacant. 

2) Electrical: Because we have no heat, we've been using two space heaters.

I used to be an engineer before going full time in real estate a few years ago and those two STRs net me more than my salary was!

It would take around 5 years to pay off the HELOC by using some of the monthly rental income from two investment properties.