The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

Hi @Byoung,Nice to meet you!

The average rental home price I am looking at is between $175K and $250K for a 3 bedroom house that requires minimal work in a nice neighborhood. 

Unfortunately, relying on a "nice card" approach doesn't always ensure that tenants will vacate the property in good condition.

I have been to one.. then i sent my 20k in then I got the list of members and decided was not for me.. the nice thing is they just sent my 20k back  minus the 1k i spent for the 2 day event i went to... for many its probably worth it .. for me is was too heavily slanted with guru's and wholesalers.. 

Because little Johnny's Mommy wasn't too pleased when showed what the "nice kid with a backpack" gave him for selling him his "toy" and found out it was worth a whole lot more than a "handful of jelly beans".... 

Nice work. 

Nice! 

Things will happen that you haven’t anticipated and then it’s nice to have a little buffer.

I have a very nice friend who wants to lend me money to purchase a property with no interest.Will I have to pay taxes on the private money loan?