I was buying court house steps in fort Meyers  new or near new homes for 30 to 40k cash at the steps in 093. my well documented clients in PHX AZ losing 4 plexs they paid 350k for in 05 and having them go vacant and they let them go to foreclosure thereby ruining their credit and losing whatever cash they had in them.. 2010 they were selling for 100k or less and still vacant.so on and so forth.As long as credit does not freeze the values have been reset .. those that were lucky or smart enough or came of age to be investors and bought in the trough historic low price points historic low interest  many paid cash as financing was still tough.. so as long as they don't drink the cool aid and refi out and leverage up you have the makings of a very strong asset base.. plus all the foreigners who paid cash there were literally hundreds of thousands of homes paid for in cash by Off shore folks.. then add in the half a million or more that were bought by hedge funds.. 

The age and condition would be the biggest factors when considering how much money you need in immediate reserves. 

Dave Ramsey offers good solid advise for the average middle class slob who can’t control himself but his approach is so conservative in this day and age that you won’t make much for fear of risk and you will save till your dead using his methods . 

This is only ongoing capex that will occur as your property ages.

Inspection deadline is tomorrow.Thanks again everyone :)___For Context, boiler details:Approximate capacity: 105,000 BTU/hrEfficiency: ConventionalExhaust venting method: Natural draftApproximate age: 38 years 39 years 40 years 41 years Near end of life expectancy Typical life expectancy: Boiler (cast iron) 25 to 50 years Main fuel shut off at:  MeterFailure probability: Medium Supply temperature: 180°F The following issues were noted at the time of the inspection: 1.

What do you think is a realistic goal given my limited income and age?

No need to quote me saying “100’s of houses” since I’ve been building houses at age 16 with my grandfather, now 33 years of age I have a few houses under my belt.

If your ever looking to get a business line of credit one of the key factors is the age of the business and it’s balance sheet and P&LIf your business was profitable then absolutely keep it and just change the designation.

Some of it would be all of the vacation properties here, some would be the aging population that moves here to get out of the cold during the winter. 

People with kids tend to move less, especially if they are school aged.