@Ryan Daulton So, you want to believe in fairy tales and challenge us to prove them wrong?

After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.

Newbies create a lot of different issues, however.You are probably not going to be able to use Fannie Mae as a contingency.

Quote from @Jaycee Greene: A few things I noticed, in addition to having the tenant pay the utilities are:1) Incorporate annual increases in rent higher than 2% (in your area, maybe 4%-5%) with a slightly smaller increase in operating expenses (say 2%-3%)2) With a gut rehab, I'm not sure why you need to spend $128/month on cap ex, at least for the first year or 2.3a) An 80% cash out refi is probably going to be hard to get.

Go for what you need to make it work for you.Go get um.You never know what commission the seller's agent will get. 

Why are you losing money just to keep this guy?

DM responded to.

Now, you need to figure out how to find deals and pay for them.

An eviction is a last resort, but also want to make sure I’m fully aware of the landlord/tenant laws  Yes, I believe all laws in all state say that. 

How was using the HUT association?