I'm pacing myself, staying focused, building my lists!

I believe if you borrow above your basis (i.e. if you borrow 104K but only have 100K into the property) then you're looking at paying taxes on the difference.Also, it sounds like your plan is to go from no leverage (fully cash investment) to max leverage (75-80% LTV), then pay that loan down at an accelerated pace in order to be debt free in 10-15 years (instead of 30 years that's on the loan) then you want to fully leverage again.Why pay down the loans at an accelerated pace if you're just going to fully leverage the property again?

. :-)btw: I tend to figure $70/month for repairs per house and an occupancy of 92% to 93% (pretty close to what Dawn said above) even though I'm on pace for 96% this year.

I have been working at a fast pace trying to put this deal together.

I doubt that the run up in prices will go on at the same pace for too much longer, but that is just because it has been going up pretty substantially the last few years.

Raise rents to keep in pace with the market and in a few years be cashflowing a respectable amount for a small New York City landlord.I know I know, that negative cash flow is not good but hear me out: I MUST live within NYC for work purposes and I MUST live in a house with a driveway/parking spot.

I got the online course from Chamberlin Real Estate School. it about $300 bucks but if you have the time throw it in with your studies its a self paced course.Once your done they have a weekend crash course to help you pass the final exam.Good luck!

One thing I've noticed about Houston is rents seem to be appreciating at the same pace as home prices, which helps a lot.

I would have loved for it to happen faster, but I think this pace has been more appropriate… at least I know its biblical: “Wealth gained hastilywill dwindle, but whoever gathers little by little will increase it” (Proverbs 13:11).

Basically that strategy requires you making short term plays to catch the more rapid upswings that outpace inflation, and avoiding the downswings that will reset you to just keeping pace with inflation.