Consequently, your 401K can hire a property manager, and then you get to interact with them the same way you do your contractors.You cannot slop paint on the walls, shovel the snow, cut the grass or sweep the walk.

Lessee agrees to be responsible for snow removal.2.NOTICES.

The licenses can come later, if your'e not too busy making money.BTW I'm jealous that you're in my home state and I'm slogging through snow and muck here in Washington.

Off-street Parking-- in Minnesota the streets and parking get pretty brutal once the snow piles up.

Not "Home Run" numbers but...Purchase 79,000rents 1,300 a month insurance 850/yeartax 1,500/yearutilities/basic maintenance (lawn/snow) paid/done by tenants79,000 loan at 5% for 30 yearsnot a knock out, but it has a lot of new work done on it (roof/furnance/siding/windows/plumbing/electrical) within the last 5 years...and it cash flows

This includes such things as maintenance supplies, utilities, lawn care and snow removal, as well as the operating expense to provide top notch professional management and maintenance personnel.I’m on a fixed income.

If they propose a renewal of less then a year and you do consider it I would not go to January people do not like to move their stuff in the snow either.

(I live in a high snow area, and they can actually just collapse if it gets bad enough.

Property price hasn't gone up yet.Jordan - Annual expenses above include tax, insurance, water, etc.. but here's a more detailed breakdown: Mortgage interest rate (30 yr fixed) = 4.625% Property tax = $9481.94 Management fee = none (i'm managing it myself) Insurance = $2450 Water and trash ( if you're paying for it) = $930 Snow removal = $1000 Maintenance reserve = $1200 Cap Ex reserve = $10,000 (credit I got from seller) Vacancy = 5% ($3,240) As for cap rate in my area, I'm not sure but in a quick search it seems to be 4%-8% range.

Once both properties are paid off I can either get another loan using the equity from 110 or and 108 or get another VA loan move it the new home and pay it off via triple payments.Currently I hold $5,000 in a separate account to account for the unknowns.I feel that started off very slow compared to other stories on BP but I am thinking hoping that the snow ball effect will continue to grow.What are your thoughts?