It ignores vacant unit, clean up and marketing between tenants, eviction costs, damage, routine maintenance like the roof, hot water heaters, appliances, lawn care, snow removal, etc etc etc etc that are all real costs whether on an annual or some other recurring basis.In most places, if you can offer an investor a property with little deferred maintenance that is generating rents at 2% of purchase price, they are going to jump all over it.

At some point, the aggravation and anxiety just isn't worth it to me anymore.

If he has, great, leave it in the expenses as a negotiating item while knowing that it is an expense that won’t recur.

Thank you for that information.It is suggested that you only use credit cards for recurring and online charges.

Also, the business is Real Estate Services, not rentals.DTI = (Total monthly recurring debts) / (Monthly income based on W2 - Business Loss/12)Angie

My ultimate goals:- To have enough money for retirement to live a comfortable but not extravagant life (new car every 10 years, modest house of about 1000 sq ft, small vacation every year, maybe a slightly larger one every 5-10 years)- To use rental properties as a means for recurring revenue which I will manage myself until I get older at which point I would like to go with a good PM company- To be adequately protected insurance wise- To ensure that my money is working FOR me and I'm not working FOR it- And ultimately to leave the world a little better place

Though Central Austin is can be a very lucrative location to invest, purchasing properties there come with a premium and lots of competition, maybe researching and investing in areas that are more affordable could lessen the anxiety of starting out.The links to building your foundation is good idea as mention by @PaulTimmins above.

This uncertainty can cause you great stress and anxiety - you only get your check after your property sells.

I was thinking the NYC meet-up which is scheduled for Aug 19th, is not recurring.

Would like to set up some nice recurring payments using websites but not much luck so far, only 1 turning a profit