I use to live in North Central Texas, where I fell into renting two properties out of necessity.

Michael Kantar I have two pieces of advice for you: Challenge the dogma of the necessity of high school, and second, seek employment in the trades.

They had their utilities turned off and took anything of necessity with them.

New roofs is a necessity if leaking and tenants do not pay more rent for that like amenities.

For a buy-and-hold deal, that usually means a cash-on-cash return (CoCR) of at least 10%.Now, any calculation of CoCR, by necessity, makes certain assumptions about things like vacancy and repairs and maintenance.

Housing is a necessity not a luxury.

Likely exit would be a 1031 exchange after the 3 years seasoning most DSCR loans I've viewed have to avoid prepayment penalties, assuming better deals or terms at that date.PROS:*Fastest or immediate transition to full time REI;*Fastest network of specialists;*Most tenant diversification, reducing impact of vacancy/lateness, and;*Smallest competition given characteristics of niche.CONS:*Small number of properties fitting criterion may impact ability to find target property at the right time;*Niche lenders with niche criterion , and;*Low reserves given relatively low LVR and necessity of property size.3.i - Foreign National Datasheet for a broker stating that no US credit is equivalent to 680 (FICO, I assume) for DSCR loans (https://wholesale.thelender.co...)iV - The Silly Section: Partnerships, owner financing, USDA loans, foreclosures, and international investment. 

I have seen Investors make this mistake time and time again because of the necessity and mental fixation on cash flow.

My first property became a rental out of necessity rather than as an investment. 

So if paid marketing brought the biz in the door, then the marketing department where the biggest slice goes, and that means what is left by necessity must go to someone who has no choice but to take those smaller table scrap sized pie slices.