Property Management: Are you planning to self-manage or hire a property manager?

Build up for your next investment.I'm not actually spending any of the investment money on myself for a car or vacation.

You are procrastinating on the smallest of things which means you may lack the confidence to do what you are planning to do.

Vacation rentals are usually much nicer, are close proximity to attractions (beach, mountains, lake, theme park etc) and have nicer or more ammenities.

Make a plan that eventually leads to owning property that throws off cash after you purchase it.

I do plan to live on a percentage of the cash flow. 

If you are planning on living there (ie in 1 unit) then you are house-hacking and this is a different calculation consideration then renting out both units and making it a true investment.

I generally prefer higher since I don’t plan on putting in small claims, it’s basically just for catastrophic loses and the savings in premiums over multpiple properties for multiple years should balance that out if I have ever have to use the insurance.

We leave everything in the business for Real Estate so $500/month is a good number for us, then we can add to our reserves, plan a fix, or save for the down payment on the next one. 

Hi, yes these are solid plans and Ohio is the place to be in order to invest in the real estate market.