I don't have do the rehabs since long term tenants have basically chosen to live that way for a few years but I definitely have to if bringing in new tenants.I was just doing simple math to calculate positive net cash flow, Gross rentals minus PITI, water, trash, and maintenance.

But I can see those with limited experience not going into real estate more than their personal resi and maybe some managed funds etc.Most of those on BP have chosen this as a profession.. and stacking up rentals is a small business its not an investment per se in the context I think they are talking about.. your managing your assets and some do ok many don't.. 

I find a properly chosen tenant never leaves.

I have recently finished reading 'The book on Rental Property Investing"by Brandon Turner and I absolutely loved it; that lead me to the BP podcast and now I have joined the BP forum,with that being said I am extremely excited & motivated about this new path I have chosen.

My fellow landlords who have chosen stainless appliances over white ones, how has that worked out.

@Jonathan Taylor hello, My name is Corey Pore.

They also must be busy pursuing their own chosen profession and still driven to do more.

That is in part a primary purpose of why insurance is there, no LLC required, most especially for the very basic operation of well chosen passive real estate that is prudently managed. 

@Eric TeranGiven that you are limited in your ability to convert your condos to a medium-long term strategy and have chosen to not do so with your VA basement, how are you faring?

. :)Best of luck in your chosen path, you seem to be considering all the right factors before embarking on it - I'm sure you'll enjoy the ride.