Oh yeah no one came that day as I was pretty livid.

Originally posted by @Nicolas Paez: As a former Fannie Maer, don't do it@Eric Stoltz, but if you do, do it, you might want to wait after 12 months pay history, and then never be late for a payment by even a day as long as you pay on the note.

@John Hodson  I always use 50% as James stated if you do better go buy yourself a nice dinner.. but your not dissapointed or shocked if you set your margins so tight and you don't hit them.There is only so much that can be done ... at the end of the day a poor tenant can throw those numbers right out the window.My current portfolio ( and am liquidating all my holdings currently) has 7 A class SFR's left.  

Just depends on who you get and how they are feeling that day, as stupid as it may sound.

I missed the first day as airport, lost my luggage and I was not leaving without my watch (another story for later).

I'll take on a $53,000 C grade SFR with $1,300 (this one is a rare find) in rents any day as long as I know the dynamics of the neighborhood.

At the end of the day as long as mortgages are all being paid you would only frustrate yourself.

It was truly a sad day. A

I've owned as many as 21 rental units and rented my own primary residence and I've owned my primary residence, 2 second homes, (yes... you can do that) and 12-15 rental units....at the end of the day, as @Christopher Brainard said...it's a matter of choice and what works best for you in the market you are in.

Between the two I'm "working" in one form or another 70+ hours a week with each day a mixture of both.