Buying new appliances is like putting money in a slot machine, you're going to lose.

I purchased five ceiling fans and four faucets for 300 .00top shelf stufflike the hampton bay mercer 52 and price pfister hunter kohler.apparently home depot puts a lot of returns on pallets and auctions them off.some items are fine and intactjust the box is shabby others are missing a piece that can be ordered.like one ceiling actually had a missing slot for the bladeI had to cut a slot with my multi max. but the other fans were fine just a broken globe which could be ordered for about 20.00the fan cost me 20.00 and retails for 169.00 so I think I did ok.the faucets were fine nothing missinggot a price pfister shower body for 30.00check your your flea markets you may be surprised what you come up with.

Hurry, slots are filling up fast!

I have a property in Rohnert park right next to the Graton Casino I bought in mid 90s for 27k  4 acres tax's 200 a year just sits there.. just put it on the market for 3 million will take two though  :)  its all perspective.. and where you live I made more on my bay area properties in appreciation than I could have possibly hoped to make in a life time leveraging small dollar rentals or drip income at 200 a month per door.. but to be fair I am not an investor I am a business owner and we create income with commission s Points  interest delta building new homes etc etc.. average investor cant do that .. they don't have the skill sets or experience to get the financing to pull this stuff off.So I totally get the buy a rental house try to scale it for the average W 2 or high income earner who is focused on their career.  

The market has become too much of a casino for my liking.

I also have to imagine that with that many houses, it snowballs and you can start quickly paying off some of the initial mortgages to open up slots?

-Maximize those early mortgage slots: get as many doors as possible for the smallest amount of down payment. 

So when you sell one, or pay one off, you free a slot up.5) Portfolio, it's all a trade-off between interest rate pricing and difficulty to get it.

And this using a 203K FHA loan in the brutal market of Boston, on the east side of the Port Norfolk bay area.Facts & Numbers:2 beds & 2 baths on each of the 3 unitsPurchased for $655K @ 5% down-payment and a generous dose of 203K closing feesTaken a 30K cushion for the 203K streamlined rehabLocked in 4.25% @ 30 year interest rateAppraised at 750KThe numbers are certainly not the exquisite definition of what a ground-breaking deal stands for, but they certainly fare decently well in this seller's market where cash investors rule, the inventory is constantly challenged and most properties are getting sold for over asking price, taking advantage of the current interest rates, the Everett Casino construction, and a few other speculative but pragmatic plays.Just like most everyone else that was not raised or surrounded by real estate professionals from a young age, this deal was pretty much riddled with small mistakes here and there, from neglecting the fire department smoke and carbon detector regulations, being over-optimistic on the underwriting guidelines, underestimating the cost opportunity due to all sorts of processing delays, and you name it.Currently free from tenants, the expectation is to add value by rehabilitating the under-developed basement, adding 2nd and 3rd floor balcony decks, and a variety of practical and aesthetic fixes.

After some research, I realized I could get a job at a number of casinos in Florida, where property can be had for much cheaper than here, while rents can still make them cash flow.