It takes quite a while to achieve that level. I

But the gas and water need to stay in our name as landlords (per the water and gas companies), and we will bill those amounts back to the tenants.We have 1 single man who has 1 child who will live with him 1/2 time in the upper level, and we have 1 single woman who has 3 children who will live with her 1/2 time in the lower level. I

Properties sold to Fundamental Partners for about 12% below foreclosure value.I wonder if 12% will be enough to weather the storm.I believe these are Fed Low Income Rent controlled, I wonder how much longer that will last (with no ability to raise the rents).There looks to be quite a bit of Physical Damage to some of the brick walls, and the Trash from the pics looks to be piling up to the clouds (Citation Level).I wonder what the occupancy level is, as there seems to be lot of mailbox doors swinging in the wind.Were these guys hand picked by the forecloser to take this over, or did it go to open bid with another lender underwriting a new loan?

So as a compromise to the tenants comfort level I felt that rather than making them cold by me forcing them to keep it 10 degrees colder than they desire I will allow them to pay to keep it as hot as they want it.

However, if you are still wanting to push through to the next level, I have a contact at Morgan Stanley that should be able to help you with a non-recourse commercial loan. 25% - 30% DP, but the rates are surprisingly cheap.

Especially in the last few years, as my income increased substantially, this really helped.Along the same lines, I've never touched any of my income from rental properties or other investments. 100% of that is re-invested.Again, I think this is something that can be done by anyone, regardless of their income level. I

I'm an intern and my boss told me to run the numbers at that level. I

So, the best way for you to network at a local level is to try some local real estate meetup groups.

Make sure you check zoning and HOA bylaws etc - some HOAs or HPRs will only allow you to rent to one family per property even if it is a split level. I

I never got around to it because of some roadblocks:1) I was told if I add a 2nd level, I would exceed 1-4 multifamily loan and would require a commercial loan.