Certainly not trying to leave my job today, but someday.Current: I am sole income of our house hold.

Investment Info:Single-family residence buy & hold investment.

@Jorge Liang I have regular exterior pest control at several of my properties.

It just runs and runs with regular cleaning with cleaning descaler tablets 2x a year.

Are they holding the money, or are they spending it?

I believe anyone starting (buy and hold) should start with a multi (2+).

For example, if your old tenant moved out November 25th and you place a new tenant 15 days later, then you can hold the old tenant responsible for 15 days of unpaid rent.4.

If you are working with a reputable company, then you buy the property, hold the property and look up 7-10 years down the road and have a home that has increased in value and a debt that has been reduced by your renter.   

If the plan is to hold for 5 years and sell then maybe existing is ok. 

There is less competition now and the saying "Don't wait to buy real estate, buy real estate and wait" ALWAYS holds true!