However, banks still want and enjoy offers from folks with lesser capital provided the price is right.

My ultimate goals:- To have enough money for retirement to live a comfortable but not extravagant life (new car every 10 years, modest house of about 1000 sq ft, small vacation every year, maybe a slightly larger one every 5-10 years)- To use rental properties as a means for recurring revenue which I will manage myself until I get older at which point I would like to go with a good PM company- To be adequately protected insurance wise- To ensure that my money is working FOR me and I'm not working FOR it- And ultimately to leave the world a little better place

Bad debt might be something like a vacation that you put on a credit card and then pay interest charges on it for months or years.

I really enjoyed and hated the business.

Enjoy the site.

I enjoy a lively debate.

The other type was a potential vacation rental that we might move into eventually, at least part time. 

I am enjoying the process so much it is nice to have a place to discuss with people of similar interests.....Best, Trey

The codes concerning water connected to 220V that people climb into are pretty specific.If the tub burns up and/or the house burns down, their insurance and your insurance may not cover the damage if the tub was not properly wired.If you agree, in writing, to allow the tenant to repair or modify the tub and/or the wiring you are effectively putting your own head in the proverbial noose.I work on a lot of tubs at long-term and short-term vacation rentals.

I enjoyed reading this post greatly.