For the exact reasons you state - insurance, liability, and not trusting that tenants would have a well behaved, well trained dog.

He said, for the most part, people will get their money back on his services in about 18 mos.It worked for one and I'll be having the other one done too.....Probably won't help the coastal areas.

I think sometimes, you can't behave like an economic robot and you've just got to do what feels right, particularly when both the choices are good (just one is better).

Cost of acquisition is doubled also since you would be have to buy two houses. ( I know you are just comparing a SFR to a duplex - not two houses, but assuming you plan to acquire more )This is why I have a personal preference towards multi family units over SFRs.

If you have too many tenants doing multiple deposits per month, then your banking fees will increase as you will be having a 2-4 fold increase in transactions.

We will not be having one in Dec. as it is a members only party, but starting up in Jan you should come join us.

My short term goal would be have a property to be able to live in and just get experience with that before diving into investing.Once again, thanks.

I still think three months is a good amount, because you have to cover yourself in case things don't work out as planned, but at least you would not be having to save enough money to cover an unknown amount of time with out any income at all (and it would also make renting a place a whole lot easier).Good luck with your plans.

Doug seems to just be having a little fun and feeling (rightfully)excited about wholesaling this deal!

Positive feedback would be have been better than trying to knock him down.