You don't want to get mentally exhausted of whatever your primary means of income is, regardless of whether or not it's from real estate, your day job, or something else.And this is part of why I find real estate so provocative.

So let's say your physician and exhausted of hearing about "well, over enough years" from your financial advisor every time you ask why you're getting out-paced by inflation, or worse yet losing ground.

The data you will need includes:Original Loan Information (Rate, Loan Amount, Maturity, First Payment Date, etc)Current Loan Account Information (Current Balance, Modified Terms (if present), Last Payment Date, Next Payment Date, Foreclosure Start Date, etc)Subject Property - (the normal stuff, address, value, etc)I can give you some more highlights, not meant to be exhaustive and you really should find someone who knows what they are looking and to help you since you don't know.To check the ownership of the asset you will eventually need to order a title report.

Anyway, this story is ongoing but I made some progress.So I got the house under contract for 72,500 - after exhausting my potential buyers from REI club friends, I BUY HOUSES ads and craigslist responses as well as meeting with a member from here - they told me the price was too high and that two families would typically go for 55 - 65k max in this area.By chance I was meeting my realtor in Jersey City in a bar/restaurant where she happened to know the owner - and he does lots of buy and hold real estate.

So you'll end up exhausting the repair account, and dipping into your operating or personal account, thus making the accounting very confusing come tax time. 

The solution coming out of the GFC in 2009 (massive debt injections), won't work now.. that's exhausted - and the bond markets are telling us this.Here is a link to a recent great podcast by the brilliant Dr.

If you are planning on adding additional assets in the near future, then go with the higher projected numbers.Keep in mind, in the event of any liability claim (at fault auto accident / someone getting hurt on one of your properties, many more situations) your underlying policy will be 1st in line, then your umbrella will kick in once the underlying policy is exhausted.

Are they just far enough away from a metro area where a day trip would be exhausting, but a weekend trip would be worth it?

I am living paycheck to paycheck and have nearly exhausted my cash savings.

Also, just the thought of the double closing and having to explain to a C buyer what is going on, exhausts me.