And the pipes froze during the winter.

I have made some upgrades since living here, fully renovated the bathroom and laundry room, upgraded appliances, added a tankless hot water heater, and replaced all galv. pipe with pex.

Because my income starting out is expected to be around 200 K, I believe that I can rely exclusively upon conventional financing to begin with, until I exhaust the total of 10 mortgages for which I am eligible, and proceed to snowball all profits into paying off each consecutive property -- each time I pay one off, I will be eligible for another (10th) conventional loan, as well as a home equity loan secured by the recently paid off property, which I can use to buy 1-2 more properties.

Recently I had one that cost $500, but that involved some extra work to re-pipe and add ventilation through the roof. 

Selling subject to is not a good deal for the seller unless that have exhausted every other option and/or are in a mess that they cannot clean up.

Plumbing all work, in 2023 we had to bypass some of the plumbing through the attic with PEX, plumber didn’t pull permit for this, so I have about 50% copper pipes behind the walls and 50% PEX in the attic.AC is from 2012, and water heater is from 2018.My fear comes from if anything weird would make the house completely uninsurable, I don’t mind paying a higher premium due to the roof being 14 years old or anything else, not sure how this is going to play out considering the insurance market in Florida.Thanks!

Sooner or later, pipes start to leak, fridges break down, the lever on the back of your vanity faucet breaks, these things cost money to fix.Anyway, good luck.

I put it in a kitchen 2 years ago in a first floor rental and a pipe burst in the unit above it flooding the kitchen a couple months later.

My husband and I started our journey last year with a house hack and 2 long-term rentals (after an exhaustive review of all options), there’s a lot to consider and ultimately need to ladder up to your short and long term goals, as well as your lifestyle (esp with kiddos). 

Is this a do-able starting place financially, or a pipe dream?