I should add one more thing about Florida.

I havent used any, but I see there are several add on s to Quickbooks specifically for Property Management, if you want to go whole hog.http://marketplace.intuit.com/v2/i-property-management/f-property-management/software-solutions.aspx

@Ryan TerwilligerI used almost none of the add-ons, if I recall correctly.Any question that they asked me, I quick googled it to see if it was what I had in mind ...

Counting appreciation, principal paydown, and tax benefits on your COC Return isn't very realistic, since appreciation is assured; principal paydown doesn't add one penny to your cash (as in "cash" on cash); and tax benefits won't usually do much more than allow you to avoid taxes on your rental income.

As you say, it might be somewhat foolish to add on extra debt right now.In terms of nursing, I was paid 57k/year in Chicago, but didn't want to get stuck in psychiatric nursing.

Hey I will add on to what the others are saying.

Sept. 2012 I purchased 3 lots with 1 trailer with add on and 2 space rentals.On a separate contract I purchased 3 1/2 acres with a home,1 small shop and a large shop.

I would not say I have a team to do the work, but definitely have a capable recommendation completed a 300 sq/ft add on.

I have a client that's purchasing a home in The Highlands area of Austin near 51st and Airport that's about 900 sqft. and she's looking to add on to it after she closes on the house.The repairs are going to be pretty extensive, but she's well qualified and has good cash reserves as a back up.

With possibility of including add on like bounce house.