Other unexpected repairs could add to that.On the other hand, everything may be smooth sailing and you’ll have 17k of reserves in a year and growing.I would suggest you do some contingency planning.

Hope it's all smooth sailing from here!

He's been known to manage his STRs from an iPhone on his yacht whilst sailing the carribbean doing oyster shooters with the fun half of Motley Crue.Or use my method. 

Your paragraph regarding reimbursing 6% realtor's fee and 500 cash is sailing perilously close or obviously over the cash referral idea. 

The Bend cash flow ship sailed back in 2012/2013.

(rappalaw.com)He has 25 years in the business and has been a great asset to my business.Disclosure: I retained Henry to be my broker of record for Clear Sailing Realty. 

@Sean Cole  its regional for sure.. the ones I had in MS and AL  feed us the deals.. but lots of deals there ... its funny as we talk about this.. some parts of the country there are still plenty of deals others its very tight the deal ship has sailed and its basically pre 07 market.. one size does not fit all.in Oregon we have little to no OREO inventory anymore all those agents that specialized in it are out of business and back to doing regular real estate.. the foreclosures at court house that were 20 to 50 a week are down to 3 or 4.. with MASSIVE competition.. it all cycles that's for sure.. but I bet you can still roll into certain big cities and buy hang over inventory..

My goal is to build enough passive income that I can leave land behind and sail around the world and never return to land.A little about myself: I'm 19, living with friends and paying rent, working a minimum wage job and not really having a lot of financial freedom to save or invest.

I have 11 units total in this complex, we already did a ton of fixes the last 3 months to the point where this winter should be smooth sailing besides if something with heating goes.  

I don't recommend finding tenants and then drawing up a lease, but that ship has already sailed.