House hold income is 90k with wife.My final goal is to do 8 single family home flips a year and to hold property that garners 5000 in monthly passive income in ten years..My current plan is to take out a HELOC (home equity line of credit) out on the house I own for 64k (80%) to use as readily available cash to finance deals.

Get your wife out working to contribute to your house hold income and savings.

Utilities were included and also household supplies (paper products, laundry products, cleaning supplies).

I am the only W-2 earning in my house hold between my wife and 2 little children.  

I comped some cost per foot when copaired to the nearest larger city and matched that to the average household income to get a better idea.

Considering the fact that household debt levels are coming back to 2006-7 levels and retail is in the process of going down the drain, I think we’re going to see a reckoning in R/E and associated securities."

@Mitch ReaumeThe policy will not cover household furnishings, the renter's own insurance will cover that.

Their biggest money makers are household appliances, and since nobody is wanting to sell their homes right now, that means nobody is moving, which means nobody is going to be buying new stuff for their house, which means GE's biggest seller is not selling like it should, which means I made a mistake.

Its mostly things people make from household items.

I have a few favorite memories:Roach House: Too young to do much around the house, as the brothers and Dad pulled up the carpet, I spent hours sucking up roached in a vacuum as thousands (seriously) crawled up the wall.Dirty toilets: It's amazing what chlorine bleach and elbow grease can do.Palm Springs: Landscaping in 120 degree heat.