I always wanted to experience the THRILL OF absentee landlording!!

And the neighbors would probably be thrilled!

If you plan to hold onto it you must be on solid financial footing.While waiting is not very exciting I promise that when you finally make it happen you'll be less than thrilled about the amount of "passive" income you receive relative to the cost and work involved in real estate.

They weren't thrilled with the increase but not too unhappy either as they knew they had a good deal going and we have been good landlords to them.Now, that door nets around $125 including mgmt fees which we'd like to get rid of, but have to get a new tenant based on current agreements in place.Once that happens, we'll get an additional $95 per month, but we're patient.We closed on a fixer in Texas with structural issues others were afraid of and got a good deal that works for us.Once we're done with repairs I'll post 'em up, but looks like around $500 per month, net, for this door.We put 30% down, and are cash flowing and doing repairs OOP.So, why I am posting is this,...For newer investors, take your time, the market(s) are saturated right now in many areas.Irrational exuberance seems to be everywhere currently.

That thrill should be what brings you back for more!

The thrill of a deal vs convincing folks the product you've spent millions building is worth $50/mo. 

Through that time I talked with dozens of banks until landing with a small local bank, as in 2 branches in the same city, who is thrilled to refinance out my private lenders. 

I had a buyer's agent and he wasn't thrilled with my offer, which made it even funnier when I got the property.  

I just invested in Everett, which has the Casino construction going now, though who knows how that will effect values (studies have been done that showed some areas have increase and some have decrease in property values with new casinos).

I'm thrilled to find such a helpful resource on the net!