Quote from @Daniel Huang: Hi, I am trying to transition to develop my rental income as I am in the final years of my professional career.  

They finally get back to me after the close date to say they need more time because they are try to cross collateralize their other properties to make this deal happen and the bank they were using doesn't do this kind of loan. 

A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person.

I'm a long time lurker finally getting ready to start making a move and getting that first rental property.

Please let us know if you finally do it!

In December the roof was finally repaired, however the damage to the ceiling has not. 

We requested utility bills and after some time finally receive them.

They asked me to empty my savings, max out cards and then finally to take out a loan.

We have increased our monthly rent to price ratio from your ~0.75% to 1.1% but the leverage ate up all the extra cash flow (even if the total return is likely higher).You could be a cash buyer and go from your one property to 20 and cash flow 20000/mo but you are still having to buy and manage 20 properties.You can do better on the total cash flow in other markets or rougher neighborhoods, but the story is similar: you are getting an extra ~25-35% in income for 20x the hassle.

Hey everybody, I've been listening to BP podcasts for a couple years now, and I'm excited to finally get in here and start accelerating my learning and meet some like-minded people.