That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.

Which may also be a reason to hold on to your current place (appreciation).Second, have you been in your primary at least two years.

Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

I’ve had two evictions in the past two years.

@Zara Massoud a PMC has two options to get liability insurance (tenant slip & fall) protection:1) Get added to owner's policy as Additionally Insured (NOT named insured).2) Setup a master commercial policy and add every property they manage to it and then charge those owners the cost of the policy.Otherwise, a PMC CANNOT get liability coverage on a property they have no ownership interest in.So, nothing wrong with their request.

At least a third of them are Class D.DM us if you'd like more info on which Metro Detroit Cities & Neighborhoods are what Class:)

The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

This is the third time in the last few years that this has been presented to CA voters.  

He bought his first couple houses in the first year or two and didn’t buy much for a few years.

There are two small beams about 2 inches apart at the top and another two at the bottom.