My wife and I enjoy eating out frequently.

This is my first reply to anything on BiggerPockets, so hopefully I’m doing things in the appropriate fashion.I do a number of Foreclosure seminars and this is a question that comes up quite frequently and I typically answer by asking the questioner whether it makes sense to buy off the occupants - give them some money to move.

Some are pretty frequent, but perhaps not every month.

I love to travel and spend time with friends & family and I see how a healthy portfolio of rental properties that is properly set up will allow me to do that.My life currently revolves around real estate and business as I'm working my way through a mile-high stack of books, constantly read blogs & newsletters, and frequently attend educational seminars & networking events.

And is beyond Appreciated.To the mod's, frequent and experienced posters, Thank You.

Top it off with flashing and add the cap.I'd keep it, you're further south but it still gets chilly and a FP is a nice feature, had one in LA near the Gulf and used it often.You'd have as much work covering up the FP and roof as just building a new one I'd think. :)

Note, that I do not raise the rent frequently and increases are reasonable.

This is done all the time...many businesses that you frequent in your home town are sole proprietorships, not legal entities like corps or LLCs. 

Some of you are newer to the forums on BP, but for those who go back to before 2010, the most frequently asked question was about how wholesalers can build a buyers list.

It can be done, but the more frequent path is the Property Management route which has some liability issues that favor you - - now to find one you like.