Meaning, the competition is fierce and unless you are proven with cash ready.....get in line.  4) Renting $500 to $800 units in MF apartments attracts the highest quality tenants out there who will take care of your unit without fail. 

It's a huge white space that nobody is taking advantage of and it makes sense produce content that people want to see, now you will start getting recognized as Cody the real estate agent that helped me make the decision to move here and why would they go to anybody else to help them find a home if then the person that help them make that decision.Conclusion To sum it up, you will be a media company/ real estate agent. you are going to be the content producer of information that buyers and sellers wantlike writing reviews of the best restaurants, interviews principles on why their school is the best, going to every destination there is to go to and provide walkthrough videos, etc...If you approach it like this then your now the source that people who are looking to buy in your area and sell are now going to go to. 

Good to see you have 30% equity, Deren.Blanket Heloc loans are scary, so glad you recognize the risk using that as an emergency fund.Of  course it's best to have cash as a reserve. 2 ways to build that up - reduce expenses and/or increase income.

Usually those deals are for folks who have been with them for several years and are proven investors.My guess is, if you're going to be a "cash" buyer, is you'll need to have funds in hand, ready to settle. 

If it can be proven, most likely the tenant has willfully violated the lease, and you can begin eviction proceedings much faster (hopefully).3.

One of my worst day as a landlord is when I trusted a PM company to watch over my property and the day the tenant left, i walked into the house and couldn't recognize it.

@Olivia Umoren, first let me congratulate you on taking the step towards recognizing that RE is a GR8 investment if done wisely. 

Re laundry money, i never include this in my calculation - i simply look at it as bonus income. your vacancy at 3% sounds low, again not knowing the location its hard to sell. 5% would be my lower estimate in high demand location and proven 100% occupancy in the last 2-3 years.Repairs and maintenance, unless the property was recently renovated top to bottom or you would renew the large items like roofs, HVAC, water heaters etc 5% and 4$ is tight. 

This is a proven fact. 

Especially when it is not tethered to a recognized natural store of value like gold.