And, I doubt there's all that much you can do to enforce the precise 14 days of overnight guests rule that you think exists.

That makes my total need $3.5 Million (yes that's much more than the 10 times your income, but present value calculations are more precise than rules of thumb).

Once all four are renovated and rented and stabilized keep on saving until you can buy your next project.In Detroit I’m guessing it’s something along the lines of buy for 30k, rehab 10k, rent for $800.Network a lot to find a good team for leads on deals, reliable trades people, etc.That’s my 2 cents Almost precisely what I would do as well.

@Roy Nash yes, that is precisely what I was thinking especially since the Dad already asked about my subletting policy which I prefer not to even do.

Sometime, you should read your policy in full, noting precisely what is and isn't covered.

There are a lot of great PMs out there, so definitely don't want to make it seem like looking for a PM is the wrong way to go.For many DIY landlords and real estate owners here on BP, you want to factor in some of those expenses/costs on the front end so you have a more precise outlook on whether it is going to generate enough positive cash flow for you.

Most importantly, it is designed for QuickBooks Desktop users of all levels, and that is precisely why the beginning of the book teaches readers features with step by step instructions to record each and every transaction in QuickBooks.The content follows a sequential structure that covers multiple scenarios of closing a deal; it walks readers through recording the earnest deposit, entering a HUD, refinancing, running reports, and many more tasks that are essential to effectively implementing QuickBooks. -- As to your specific questions - check out the chapter Purchases - there is an example of the HUD and a worksheet you need to follow. 

Precisely why when I took a BP survey last week I responded that the biggest problem to address on BP is questions from an unknown location (which imo should not be allowed) followed by a stream of answers from people located everywhere.Sure it makes for interesting reading but it’s not particularly helpful. 

Several airlines died precisely from this root cause.It might be seen as Vertical Marketing, where everything in the line from raw goods to the retail shelf could be under one brand name. 

@Matt Powell What you are talking about is precisely why hard money/private money lenders exist.