Our ultimate goal is to build our bank account and supplement our retirement income by acquiring 3-5 buy / hold within 5-7 years.

I work on a freelance basis in the film industry and am looking to use long term buy and hold investing as a way to supplement my main work income so that I can spend more time with my family and less time worrying about finding the next gig.

Investing time in building connections here can be very valuable and will certainly supplement what you get out of meeting with local investors.

Now I'm not saying you should install that solely because this tenant complained but I do feel that some sort of supplemental heat is necessary in any finished basement space.

This is as per the  Truth in Renting paperwork:SENIOR CITIZENS GRACE PERIOD Any senior citizen receiving a Social Security Old Age Pension, a Railroad Retirement Pension, or any other governmental pension in lieu of Social Security Old Age Pension, and any recipients of Social Security Disability Benets, Supplemental Security Income or benets under Work First New Jersey, must be given a period of ve (5) business days grace period for payment when the rent is due on the rst of the month.

Doing it now before you know your tenants is much easier to do.Some may suggest that long term tenants are golden however tenants that pay under market requiring the owner to supplement their rents are a definatly a liability not worth keeping.Your other option is to place the best interest of the tenants ahead of your business and lose money. 

We used our county's room rental lease agreement, because the people at our local REA shared with us that the courts prefer those, and then supplemented with some of the documents from the book.

So rentals but I would look at flips.I own my owe business (FX Company for films) and it's slow in the winter so I looked into real estate to supplement my income and keep me from going couch crazy.

I'll use my passive income to supplement me in the early months but will want to get to a point where my passive income goes back into real estate again.

Less if we can make more cash-flow per monthNow, where it can get interesting is any other ways we opt to supplement that income.