I'd probably rent to a convicted murderer before I'd rent to someone with evictions.

In fact a few years back it even beat out Detroit for murders.

LOL We even had a resident we dubbed the "mysterious shitter" because he would randomly take a dump and stash it in various places like under a sink, beside the toilet, on the drain in the shower.  

When February rolled around I received a regular invoice and the $120 was mysteriously missing yet again.

There are three things that have no statute of limitation: murder, treason, and student loans.

Obviously larger issues were present:)  Night of the eviction date there was a mysterious fire in the basement.

CapEx and Maintenance - AT LEAST 5% or $3,763.87.That brings us down to $11,000 in mystery expenses, or $76.33 per unit per month.

Dozens are dead, in what reads like something out of the developing world: very large party, fire starts, lights go out, few exits or exit signs, lots of mourning, sadness, anger, and finger-pointing.Relevant to us...Murder convictions rare for owners or landlords of deadly sitesThe events leading up to this weekend’s horrific Oakland warehouse fire appear to have been rife with warning signals.

Sell your current place when you move and house hack your way in to a small multi family, then save for your next place from there.I agree with others, your math isn't making sense, this statement "50+ houses would in fact net me $500 a month if I spent 50k total and have $1200 coming in" is a complete mystery to me.I think a better estimate for you to use would be perhaps $100/month/door of profit, and even that could vary since I have no idea what your market is like.I salute your determination, just be sure you're being realistic along the way!

Monday and Tuesday, he moved on to trying to memorize more and more of the algorithms.He is.He has not memorized them yet completely.He still has to use a written guide.However, he is solving the puzzle 100% of the time.This game of real estate is very similar to the Rubik’s Cube situation.Real estate is a complete puzzle and mystery when you are starting out.It’s difficult.You might as well be learning a language of a tribe hidden from human view for thousands of years.There’s no context.Yet, SOME OF YOU persist (a very small minority).If you persist, you start to figure some things out on your own.Then, you start to do more and more research, which leads to learning.It leads you to sites like BiggerPockets.It leads you to books, some of which provide step-by-step action plans.The point is, nothing in real estate is an unknown (from a learning standpoint).We’re not reinventing the wheel through all of this.100% of every process that we go through and have to learn, we can commit to a process in writing.As an example of this, if you choose to be a buy-and-hold investor, one of your algorithms will be to locate a house suitable for purchase.Then, once you have the algorithm, you can start to fill in the steps.It’s not rocket science.Your steps may include describing exactly what you’re looking for first.“3 BR/1 BA (at least) in Pulliam County that will cash flow at least $200 / month.”Awesome.Now you can exclude EVERYTHING ELSE.Then, you can outline a process for yourself.