No more chickens, eggs anymore....

He gave me advise on preventative maintenance, a couple of tips he had learned along the way, and gave me his cell phone number and said to give him a call if I ever had a question or needed advise on a rental matter.   

I'd be concerned with not having any checks and balances if all your eggs are in one basket.

I'm curious what the pricing model is like for smaller rentals since they need to deploy a cell router at the property.

On the flip side if we keep it until the loan matures (8 years) we’ll have a nice nest egg to fall back on assuming the housing market stays in good shape, and it’ll likely continue to appreciate but our cash flow as a percentage of the equity won’t be great.

We had LLC's & yet she tracked us down by my name & our cell phone #'s.

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

Utility collections go hand-in-hand with that, if they don't pay their lights/gas, their home expense isn't top priority (over say, a cell phone payment or cable), so you can expect rent won't be top priority above all else.I rent mostly in low-c areas to immigrant populations, so my tenants don't always have social security numbers and credit scores.

They started getting popular in the late 70s and early 80s, I believe, and there has been an incredible bull market since that time, so people who entered the workforce at that time and contributed diligently all these years (and just left it alone) are finding they have a nice nest egg, as long as their home is paid off and children are on their own by now. 

New tenant moved in Sept 1st into back lower unit.A friend on behalf of him is using his cell via text to contact me.