I then set up my charges as memorized monthly recurring charges so they hit on the first of each month automatically each month; then simply enter the receipts and deposit them.

Make sure you deal with this issue adequately before you load up on overhead (overhead being any recurring expenses like a mortgage).

I figure, if inflation or crash or whatever, I want all my wealth to be in physical assets, and assets that I actually want to own, that can be productive, and can be traded. even in a great economy, that makes sense.I want to hedge my bets to work, 100% certain if possible, not to risk. and diversified.used to be wealth was productivity and multiplication, still is for businesses. look at nature, seeds, animals, look how everything multiplies.now we work to pay recurring bills, it really is quite opposite. but people are getting paid those bills so it depends on which side you're on.yes wealth can be created. please write obama and explain that.

That tenant is gone and the note on the machine telling the other tenants they were not stealing from me, but from my kids, seems to have prevented any recurring problems.I didn't mean to hijack your post about storage and shift it to laundry rooms, I just thought it was another cool alternative way to make $$ with otherwise wasted space.

There are recurring events for investor networking in the area, including a monthly meeting of local BP'ers.

When they get accepted, I send a letter to escrow stating I am crediting 100% of my commission towards the buyer's recurring and nonrecurring closings costs.

reason i'm posting this is because i've talked to many noobs...and there seems to be this recurring theme - they're buying houses and then sitting on them because they're not selling.

Recurring flood damage sounds like a lot of repairs will have to be made. 

@Stephanie Potter the income last year was about 50K not counting the 'non-recurring interest income' of 30K for a total of 80K. 2015 was 30K of income total.

There's a recurring theme here, and if you take nothing else from this tome, take away the "spend less than you make" lesson.