Provide them with a couple of window units to supplement the central AC.Do NOT pay them for a hotel or anything else.

Ironically, I was at a wedding this weekend and met a fellow who is licensed in Illinois and completed just a handful of transactions a year to supplement his income.  

It definitely requires a long term perspective and able to supplement the cap expenses in the short term.Most of my rentals are in working class areas (Class C with some that may be B-) and small multiplex (duplex to quad). 

hi,relatively new to the game. i have a property with good potential in an area i think will appreciate well. in my current situation, i am not strapped for cash and can save 7-8k month for real estate purposes alone with my current job. this will be by first SFR and goal is to have at least 12% COCROI and have a minimum of $150+ using the 50% rule. im more or less in it for the long term game and want to retire with a rental portfolio that can supplement my income within the next 10 years. here are the two scenarios for the following property:property: $65krehab costs: $10kclosing costs: $3,200wholesaler costs: $2,500i plan to put 20% down on a 30 year fixed loan at around 4.8%Scenario 1:I cover out of pocket for rehab and wholesaler costs as well as downpayment + closing costsProperty: $65kRehab: $10kWholesaler costs: $2,500k Downpayment: $13,000kClosing costs: $3,200Total cash needed: $28, 710COCROI: 12%Monthly cash flow: $28850% rule: $313Scenario 2:I finance the rehab and wholesaler costs through my bank.

But, if that is supplementing regular income sources then that can be used to continue to expand the portfolio.That would be the short term goal.

I completed my coursework on realestateexpress.com and supplemented my studies with a prep guide. 

We both have full time jobs and a 9 month old baby, that we would love to spend more time with in the future by supplementing our incomes.  

Would like to grow a healthy cash-flow portfolio in the next 5 years to supplement (or completely replace) retirement.

You address it in comment 13, but don't mention that all proceeds from this new supplemental or new debt is tax free. 7) When will I get paid?

Will supplement with a personal umbrella policy.