Investing first and buying later provides financial freedom but may be time-consuming and costly.Good Luck!

Mike,I thought you looked familiar, nice email :)You didn't get that job because of our Eastern European heritage and that HR rep forgot how to use the "Z" key :)Also, [email protected] takes FOREVER to spell out to people!

My perspective is forever changed. 

The downside is that when something breaks, it takes forever to schedule appointments, make sure the tenant is home or a property manager can let them in, and sometimes it even takes two appointments. 

I have been lurking on here forever, but just recently became a member so that I can access all the extras.

Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.

The commute may be small for a big city, but it's forever for the locals here. 

This was so important to our business that we covered the cost of these consumable kitchen supplies for all our owners.

A lot of MTR investors use PMs but a lot also self manage as it is not nearly as time consuming as an STR.

This negative position can consume years of cash flow to recover.