@Akeem Wheatley The subject has been beat to death on BP.https://www.biggerpockets.com/forums/519/topics/24...It boils down to this...If you can put your money into an asset growing at 6-8% and you can get an immediate line of credit against that asset at 4.5% (prime), then anything you can do with that borrowed money that earns more than 4.5% will be adding value on top of the original asset.

To answer your questions. if i would be starting put now and i don't own my own home i would have bought a 4Plex that is value add deals. live in it for a year or two while the tenants pay may mortgage, at the same time will be adding value to create equity. 

Any tips on what else should be added?

However, I do not buget any dollar value each month to be added to this fund.

PM me if you would like to be added to my buyers list or simply bounce ideas off of each other.

I attended a NARPM conference this week, and there was a brief mention of a rider that can be added to landlords comp policy that, in the event of a loss, if the city code people require you to upgrade, for example, your electrical service to current code, this will cover the added expense, vs.

Many of the listings I see from wholesalers specify a "net to us" price that clearly states any commissions need to be added into the price.

If you MUST use particle board to save $$, after they go in, run a bead of clear silicone over every single joint (do this for bath vanities too) to help prevent any water from getting to the particle board.

You have to always be adding new content, updating, and keep new traffic coming in.

Of course appreciation may be added as well, but only liquified via sell or refi cash out (which is also tax free by the way).