That being said, the math makes this a simple one:$3,000/ monthly income - $1,800/expenses = $1,200 net cash flow x 12 months = $14,400 divided by 2% bank CD rate = $720,000 what you'd need sitting in a 2-yr CD.Use the excess net cash flow and build up another investment pool to find your next investment property to reach your goal of 10 free & clear rentals for retirement.Awesome job by the way!

The recorded amount of the mortgage is in excess of the current value of the home.

Legislation to end this abusive, excessive, and illegally applied fee was pursued in Colorado several years ago but was watered down and then killed by HOA property manager interests.

If you purchased SFH (with no HOA fees), then you would have that extra $150-$200/mo from HOA fees to go to increase your cash flow, save for repairs, etc.2) Have you considered using some of the excess money (current going to pay down the mortgage) and putting it into an account for each property to cover repairs and eventual replacement of items?

Effective Date: 04-01-1986 5313.07 Proceeding for foreclosure and judicial sale.If the vendee of a land installment contract has paid in accordance with the terms of the contract for a period of five years or more from the date of the first payment or has paid toward the purchase price a total sum equal to or in excess of twenty per cent thereof, the vendor may recover possession of his property only by use of a proceeding for foreclosure and judicial sale of the foreclosed property as provided in section 2323.07 of the Revised Code.

If you have good equity in your own home, that should save you from having to find money that is excessively "hard".

New Texas Excess Proceeds law introduced - What is your take on this ?

You would need to be able to prove that the property was in good condition when the tenant moved in and that the damages were the result of excessive wear and tear by the tenant.  

I'm always looking for wholesale deals and at times I also have excess inventory that I sell  let me know how I can helpTim [email protected]

This, obviously, has wet my appetite for "more".