Once you run out of depreciation or your income becomes too large.

My son is 22 years old and leading his 2nd large rehab (1st was about $40k, 2nd will likely be $50k).  

This allowed us to close quickly and focus on adding value.

Jerryll's Ad, in part, reads as follows:"I'll give you everything 100% FREE!

After a rough first year where I lost money for 8 months followed by another 4 months of learning how to self manage remotely, I had a great 13th-25th months where we have kept the placed booked, kept it profitable, and largely reinvested into the property.Here is the question though-  to buy the first property, my wife and I used a HELOC on our primary and used that for the downpayment on a new property,  for the furniture, appliances, etc, and all of the other little costs that go into getting going.  

The exterior got a fresh coat of paint, and I added modern fixtures inside to attract buyers.

The exterior got a fresh coat of paint, and I added modern fixtures inside to attract buyers.

The information contained in this post is not to be relied upon.

The information contained in this post is not to be relied upon.

Adding a response here in case anyone stumbles across this thread in the future.