The defensive virtues are the depreciation and tax code benefits allotted for investing in incentivized areas and / or using vehicles like Self Directed IRAs that can defer tax liability indefinitely and wash it entirely upon your passing as the monies flow to your children or loved ones.

How you allot your time is the key to happiness.Regardless of how much someone is obsessed with work, NOBODY on their death bed wishes they had worked more. 

Hopefully this information helps other new investors but I'd definitely say be careful to allot a certain amount of money to repairs because for me with mortgage/insurance/tax (~1300) + property management (180) + water utility (100) + repairs (250) so with those numbers the property actually cashflows around $200 a month, which for the cost of buying (roughly 50k) the cash on cash return is only 4%.

After allot of study,homework & research I am now moving forward.

I would think it would be less expensive to max out your Freddie/Fanny allotment first.

Get some cash but still stay under “retail” and keep equity... my issue is I live in Southern California.. homes under 200k are pretty much extinct and hard money lenders want 20% up front.. that’s allot of money I don’t have.

The earth is 4.5 billion years old, but we are a young species, relatively speaking, with an average individual allotment of three score years and ten.

Can usually allot 5-10% vacancy factor and same for maintenance.9) Class B usually also okay, but needs more attention from owner and/or PMC.

As a general rule, you should budget 30-35% of the gross rents (minus vacancy) to be allotted toward property expenses.

Last month we struck out, allot of wasted time, energy and a little money(time, preliminary title searches, gas driving the properties).