There is, of course, a time for caution, but with the capital that you have accrued (good for you, by the way!)

And if you have financed the acquisition and rehab with a hard money loan then interest will be accruing... 

I can afford the house with 0 down, so that won't be an issue.As of today, I just have the 160k sitting in a wealthfront account accruing 4.55% interest, which currently brings in about $550 a month.btw--I have no idea about investing!

Syndications and funds can have lots of upside but still have a CoC return or an accruing pref, but it's not something that you'd typically plan on paying out or floating every month. 

You could invest in a syndication or fund 100% passively and receive a 6%+ preferred return that will accrue for 5 years and a 15 - 20% total return over a 5 year period so I don't see why you'd want to break even for 5 years. 

So as you can imagine the property has accrued a decent amount of equity. 

July is the month when the penalties go up the most due to accruing the legal cost of foreclosing as I understand it. 

We have utilized Contract for Deed for 6 of those properties. 2 rentals (putting another under contract tomorrow) and starting to accrue more of these for wealth.

In that situation, this type of exercise leads to your "resume" as an investor.Of course, this would never be applicable to Mike because he is a lone wolf who attracts tenants who are willing to wait for enough maintenance items to accrue to make a trip to their unit worth his time.

I plan on accruing a dozen more in LA and Brooklyn in the coming months.