Not, however, because I messed up in getting the right things - just chipping away at acquiring necessities as I go - but every couple of days I feel like I need 15 new things.I've already done some demo work in the kitchen to open things up, bought and installed two washer/dryer sets (whoever did the plumbing was on drugs), and dealt with other little repairs that the current tenants had been nagging the previous owner about for months.In order to recoup costs from having a vacant 3BR unit (where the seller lived) for this whole month of Sept, I got a short-term tenant in until the end of the month at a slightly reduced rate.

By my estimates, if I can get to a roughly 12% CoC for my invest-able equity,  I wouldn't ever have to write another line of code, buy another stock, or rent another unit (although I almost certainly will do all of those things, but by choice instead of necessity.)So, cash-flow is the my #1 priority at this point.

On an ongoing basis you have to do your annual filings to maintain the LLC, keep minutes and records for the company, and ensure that you maintain the key business necessities (bank accounts, insurance, etc.) to show that this is in fact a business.

However, it is an absolute necessity if you are working with passive investors.  

If you're leveraged to 70% but have $10,000 in reserves and set aside more each month, that isn't a very risky position at all, despite the necessity to pay for expenses with or without rent.

I get paid a 2 digit number when prospective tenants come to me out of necessity for their work.  

I've tried to avoid disclosing my actual location due to the necessity to keep the potential business sale and my "real" identity as confidential as feasible . . .

However, it would be nice to work as an option, rather than a necessity, as the years go by.Thanks for reading, looking forward to continuing the education here on BP!

A few months go by and reality necessity and common sense sets in How many of those 89 investors are still mailing monthly since the seller received those initial letters let's say 4 months down the road.

And all this time, basic necessities went up in price.