If you broke that first rule, well...what could you expect?

Hi @Avrohom Greenif $20K is all of your checking's and savings then I would suggest only using about 1/2 of that so you are not "house broke"If not and you actually have $20K allocated to buying real estate then that enough.

I have a pregnant fiancé in college  full time, we also have  twin Seven year old little girls at home.

Now if they broke down the invoice by line item and showed the break pads cost them $25 and they are charging you $170 in labor for the 1 hour of work how does it make you feel? 

Being broke and owning 100% leveraged RE is a very good way to be in a whole heap of trouble when anything goes south. 

Eg, I offered to install a couple of swings on some large oak trees in my tenants backyard but asked them to sign a hold harmless in case one if their kids fell off and broke an arm.

I would hope if you bought new machines they would last at least a year or 2 before anything broke?

After doing residential real estate for years, I broke into commercial as a partner in a multifamily development in North Dakota a decade ago.

Sometimes shelves or door trays were just missing (assume they broke them). 

Let me know what you guys think or what most people are doing/not doing 10000000000000% my brother bought a "newly flipped home" for 350k and the sewer broke within 3 weeks. get a home warranty too.