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

I'm a property manager, and I also buy/sell property.

@Erick Pena please understand that buying rentals is NOT passive income!

Purchased a little too high at the buy (I knew it at the time too), does a little better than breaking even on cashflow, and took too long to rehab.

Knowing the average bP buy and hold investor this type of information would be for advanced investors that deal in the back end of real estate not the front end like most who just want to buy a house for under market rehab refi rent or flip. 

Buying a new one, changing tactics to LTRs, etc etc.

Replacing one bad fixture between material and labor can end up being 3X the cost of buying the better quality fixture in the first place.  

(And I would tell you to not buy a property that doesn't cash flow unless you have significant resources behind you that could absorb anything that could come at you - like replacing a $5,000 AC one month followed by replacing a $1,000 hot water heater the next).   

Depending on the type of rentals you have, pulling out the cash in a refinance might be the way to go to buy the mobile home park.

While I find this the ideal way to buy more properties it also stunts my growth and I tend to lose patients.