Recurring over heavy maint.

Hey @Tom Tylek, if you want to set up a recurring role play call, I would be interested.

When adding closing costs to the total project cost, is it correct to add both the one time fees and the prepaid/escrow items or should I just be factoring in the one time fees since the prepaid/escrow items are essentially recurring charges that will be expensed monthly below the revenue line? 

Good point about the non mortgage recurring expenses.

Let me explain:Sustained positive cash flowSustained positive cash flow means that rent consistently exceeds the total recurring costs.

Do you want passive, recurring income?

Thanks for this M:I am looking forward to the wisdom of the BP on this one also.For my subscriptions online, I have set up recurring transactions with their credit card on my processor authorize.netIf anyone is interested, I will pull the information and post it here.Restful Sunday All,Tevis

You enter your biller address details and set it up to be a recurring monthly payment, and it will mail a check from your account at no cost to you.

This broker/agent immediately set me up with a daily recurring emailed property search-report based on my investment criteria (although, there hasn't yet been a property on his automated report that I haven't already viewed or previously marked using Zillow, Redfin, etc.). 

Of course, each advantage comes with potential drawbacks as well.In order to make your first investment property as profitable as possible be sure to:Accurately calculate repairs and ownership costs, property values, and fair market rentsFocus on cash flow first and appreciation second, unless you’re investing in ‘cash cow’ rental real estateUnderstand that ongoing ownership costs include not just your mortgage, but also expenses such as leasing and property management, recurring repairs and landscaping, and property and rental taxesAvoid getting emotional – when you’re buying your own home, it’s alright to care about things like paint color and carpeting, but always remember that investment real estate is strictly a numbers gameRemember that turnkey single-family houses and small multifamily property are already rented to qualified tenants, so your cash begins flowing the day you close escrow.Good Luck!