The second of two homes I bought when I sold the rental, I would have bought a more expensive one as the one I got was close to the university and tended to attract students which had higher turn over (though it may also be my local market).I'd also look up how to do a 1031 (I think that is what it's called, I'm not in the US) where you defer capital gains taxes on rentals by buying another within a set period of time.

Did you include language that If you digest they need to refinance and cash you out?

If you're looking to invest in Jerome Village, definitely factor this future charge into your cash flow calculations and maybe have your CPA take a look at the exact language in the Declaration. 

The property is fully rented, close to University and a local hospital, which should support stable tenant demand. im willing to put 20% down payment, Im not sure about the costs that i should think of other than (management fee, vacancy, taxes, insurance , Maintainance) am i missing soething here (but Im saying 55 to 60% cost of the income).

Anyway, I graduated from Old Dominion University with a B.s. in Finance back in 2017, and that was really my first introduction to the idea of REI.

Acquires a new one via capital injection annually, and with the pyramiding, after 20yrs of this will be siting on a nice holdings that is planned to fund kids university tuitions via rents at that time, which around yr17 we will start deploying into assets with more of that cash-flow focus. 

Before the pandemic, Magnolia alone (not including Baylor University or any other Waco attractions) was drawing in 10,000 tourists a week to Waco and a total of 1 million tourists a year.

And we have the receipt from Lowe’s (they don’t know this) that shows the total for microwave and install at about $130 less than what we were charged by the PM.Additionally, the contract doesn’t have any language around early termination fees.

I have a Wynd sensor in my units (mention that we have it and it's 99.9% accurate in our emails), put it in my house rules that it is a $250 fine, and have a sign small above the detector with the same language.

Of course, the tenant didn't want to pay for them, but lost in court. 3) Use this same language for ALL appliances: stove, fridge, microwave, dishwasher, washer, dryer, window ac, etc.