Some of course did well the one's that went to Atlanta in 2012 killed it.those that went for 25k homes in Detroit war zones well you can take a guess.5pm  I just cook dinner.. have an adult beverage.. watch Jepoardy just normal stuff :)I have never listened to one podcast not even my own.. as I see those beneficial for those starting out  I am sure there are a lot of great one's I know a few author's of pod cast and have deep respect for those folks.. but I work in the industry side by side.. so not really much new I am going to learn there plus my attention span won't allow it..

it sure looks like a long span with no support?  

Occasionally using a portion of the money along with additional funds to purchase additional buy/hold properties.In my model,  I have the age of all the major parts of each unit along with industry standard life spans and some rough replacement costs.

unfortunately most appliances have short life spans these days and that one back up could have done it in.As far as getting the tenant to cover the damage you may be out of luck on this unless you can prove that they where somehow deliberately trying to damage the dishwasher or negligent by pouring stuff down the sink that caused the back up.best of luckMike

I quit buildium when they nearly doubled in price in a span of about 12 months.

Instead of buying ugly houses that need tens of thousands of dollars to fix up, why not buy a decent looking house that only needs maybe a few thousand to fix up and make a slightly smaller profit within a shorter time span? 

Water Heater: $900 x 10 yearsRoof: $6,000 x 20 yearsAC: $6,000 x 15 years Furnace/heater: $3,000 x 10 yearsPaint: $2,000 x 5 yearsFlooring: $2,000 x 10 years (Laminate) Washer/Dryer: $900 x 10 yearsRefrigerators: $500 x 10 years Dish Washer : $350 x 9 years Am I underestimating the cost and life span of these items? 

Our clothes were to heavy and the span inside the closet was to long.

Long time researcher here on BP.With 900 purchase and 180K gross rent per year (100% occupied), I was hoping for much better CoC (20-25%) but when I plugged in all the recommended % ages the CoC dropped to 8%.Following are real numbers, taxes are high (spoken to county appraiser and tax collector), insurance is high as well, mantainance and cap ex is used from NAA 2016 survey (6.4% and 9% for garden style complex):http://www.naahq.org/sites/default/files/naa-docum...Also did itemized capex calculation for roof, parking lot etc + each unit with life span etc.  9% capex of gross rent and itemized almost align.Commercial loan terms are with wells fargo for a 25 term loan, 10 years fixed and then refinance.I am a bit concerned about commercial loan not having longer term and fixed rate, also higher interest rate.I will create an LLC, have property damage, Liability and Umbrella insurance to protect myself.Is the property management fair at 10%?

In the end though, being denied was for the best: not only because "Mother knows best" :) but also because it taught us to really project HOA fees and assessments in depth and calculate how being under an HOA can dramatically cut into profits over the long-term span of ownership, but particularly if you have a mortgage loan and margins are already medium to low.