We have some rotted floor boards on the front porch of a craftsman style home in Michigan that we have rented for the past four years and in June we are getting new tenants.

@Perry Farella do you have to live in the properties to use these style of loans you’re talking about??

Each room I charged the same rent rate for and rent covered all utilities.Kitchen: Fridge space was a little bit of a challenge, but it was more-so cleaning it out... we pooled food (split the bill) but all of us were the same eating style and one of our roommates directly benefited from us cooking his meals.

I have different rules of thumb for that state, that type of house, and the types of tennis shoes I use in that location.and if someone else were going to do the exact same rehab, but with different contractors, different finishes, different contractor management style and different negotiating skill, that $25,000 wouldn't be accurate for them.That's what I mean by it being possible to have shortcuts and rules of thumb, but being very specific to you and the types of houses you look at.

@Craig Curelop I’m looking at either a single family home or row home style.

On the New year's eve, a drunk girl fell by hitting on this machine, it is clear on the CCTV footage that she was drunk (it is visible by her walking style!)

You need to be flexible in your investing style to match the area you live in (unless you are investing out of state of course).

Unfortunately, my HOA ($100 a year style) says no new rentals until it reaches under a certain % of the homes. 

The most common portfolio style loan in Texas is a 20 year adjustable rate loan.

In his case 26 doors was the magic number.Look at your expenses now and your expenses when you leave the W2 job and see if you will have enough to maintain your life style as well as allow for life style improvement (we tend to spend more when we make more)Congrats on your rentals, it's awesome you reinvested into passive income.