You want to make sure that all utilities are seperate and paid by the tenants, otherwise that will eat into your cash flow. 

(Sunday dinner tastes different when you eat with the person you owe a bunch of money to.)For the inherited tenant I would put him on a lease for 1 year with a clause of raising rents at the end of the year.   

@Brandon Sturgill thanks for your advice,  you're right HML would eat up alot and could be risky. 

@Christopher Balian pay off your credit card debt. credit card rates are super high interest and will eat into your overall financial picture.

Your cost to sell is going to eat up a lot of your equity you have paid down. 

If you’re leveraged at 25 percent you have very little if any “true” equity due to you cannot refinance anymore and selling with normal selling costs would eat most of that 25 percent.As far you’re residential loans that’s not an issue as far as loans being called due or what not.  

I've been eating up paperbacks, audios and podcasts.

If any of the variables go haywire, it could eat up your entire profit and possibly cost you money. 

When the market is good, everyone wants to be a real estate investor, when it is bad, everyone sells and runs.Fact - more millionaires were made from the great depression than from any other time in history, however the majority of people stood in handout lines for food because they didn't even have money to eat.

He also promises very low vacancy, two to three weeks between renters, and they eat the costs if they get a bad one.