You need to eat, live and breath real estate if you want to succeed.

Your current payment was based off the initial purchase and a new mtg payment could give you the the breathing room on cash flow each month.

I went to the planning and zoning meeting last night and breathed a little fire, but these sorts of things make acquiring short term rentals very risky.  

This states the home has been approved and available to be a rental.And some of these must be applied for every time a tenant moves.So check your state laws.There are Landlord Tenant Laws, Building Codes, and laws that are not laws at all but based on a Judge’s opinion of whether or not a tenant did wrong or not.For instance, normal wear and tear.Judges have various opinions on what they deem normal wear and tear.This is an Industry of thinking skills.This is an industry of holding your temper and implementing your lease agreement no matter what.You need to think like a Judge.You need to think reasonably.You need to be a good listener.You need to be in control.Once you buy a house you need to know how to keep that house and how to keep your tenants long term.You need to know how to be all things in order to keep your tenants happy, yet make them know the rules of landlording and how to be good tenants.I always say that one is only as good as the tools they have.You could be the greatest landlord in the world in mind and action, but if you don’t have the equipment, or the education, or the money to invest in the proper tools to make you successful, then you will never make it in this business.It takes my breath away to read the stuff on here by new investors.And I understand that how can they know what they do not know?

When I got tenants in, I aggressively built up a $15,000 reserve before I gave myself any breathing room.Nowadays, I make sure that I have $15,000 + $10,000 per property stocked away in a high yield savings account.

The very fact that this isn't just a story of "what if," it is honestly a reality of how and I can't even imagine what people are currently going through...I cry when I step outside because the air I am breathing is literally what remains from someone's home and belongings.

You cannotbe too careful with breathing issues.

Now that I can breathe again, I think I'll attend a few.

Thanks for sharing...now Columbus can stop holding its breath...

*deep breath* LOLI am also a Realtor now!