If you want to acquire more real estate I suggest more savings or sell the other property with equity. 

Determine what price you can pay for the property.

@Kevin Connauton, I agree with you that although Pad Split is a great choice for getting the rooms filled, they don't cover all your bases in terms of property management.

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market.

Hello,I am interested in purchasing a recently renovated $195K property as a 'secondary' home for the next 4 years to use as a future LTR.

Socal is tough to find investment properties that work.I have a great realtor in Sacramento that can find properties that cash flow.

Groovy @Stephanie Medina good luck and keep us posted on your progress.These sorts of things are problems that no one really things about when buying a property and it is something that should be in their mind.

As a contractor and cabinet maker it made much more sense financially to purchase a home with a rental unit and manage the property myself.

Which is better way to legally structure the properties for protecting assets against tenant lawsuits.