You have a beautiful home 😁

Use that money to do another until you have a beautiful portfolio in a hot area.

A beautiful home that sold the day it was listed.

you would shoot for $6000 in rent to equal the 2% rule. then go on to figuring 50% rule for the operating expenses (exclude your P&I).Leverage is a beautiful thing; put 20-25% down & get a loan so that way you can buy more properties, have $ for rehab & an emergency fund.evictions - just screen people hard. sometimes bad things happen to good people but you have to be proactive & (again) lucky.

FYI - http://www.refrigeratorinfo.com/News/So-Long-Stainless-Whirlpool-Introduces-a-New-Finish-For-Premium-Kitchens.htmSome of the comments at the bottom of that link are quite funny - like (paraphrasing) "pick harvest gold and avocado to beat the rush for their comeback" and this one "My 1948 GE appliances: fridge, oven, dishwasher .. all work beautifully .. and are beautiful to look at."

Hello Jean K.Thank you for taking the time to reach out to me, I appreciate your response.Yes T.O. is a beautiful city, good weather, but good real estate deals are hard to get.Good Luck with you real estate journey.Sandra

It's a beautiful thing when you make it work.Originally posted by Jim Q:I also remember my loan broker told me that, for the first year, the value of the property is always valued at the purchase price.

That's like asking the barber if you need a hair cut.

Hey Dave,I just caught your asbestos example, funny you should mention this as I am under contract for a beautiful 2 fam built in 1932 with a steam heating system and you guessed it the steam mains in the basement are covered in asbestos insulation.The seller actually the executor (ths is an estate sale) has agreeed to remediate and reinsulate with fiberglass which is what I asked for.'

Check under all appliances for accumulations of pet hair also.