Don't worry, the equity just moves onto the next investment in the form of a cash DP (20%...no more), but it has a higher value than when it was still in the original property. 

No more loans to buy a house or even car.

Including the siding this is no more than a 30K job.

Try to go no more than 10-15 years

They are arguably in better shape than those buying today.I do agree, for the most part the 1% rule is no more unless you get a stellar deal. 

I always managed all my properties locally, from a distance and never had serious tenant issues like I had when I had a PM from only about 2018 to 2021.I am taking a guess that a PM company earns no more than $20 to $25 per hour for the work they do.

For example, that no more than 25% of the existing SFR may be demolished/altered to make way for say an access driveway easement for the new rear flag lot.

If we average our averages I think our vacancy rate is 1% and no more than 2%.

It had become so corroded and consequently gummed up with sludge, that the diameter was no more than 3/4".So, the point of this story is to provide some visual insight into why galvanized pipes are a risk exposure.

The goal for me is to be all in for no more than 70-75% of the ARV.