Same with what they want to drive or eat.

Once you do more creative financing you'll be able to buy properties with none of your own money down and pay less of the compounding interest that eats away your cashflow less as you pay the properties off and have les debt to pay interest on.

@Natalie Schanne Yes, very good point — the vacancies are definitely eating into my overall profit.

The second thing I look at in my state where the only real tax we have to fund everything is property taxes is the property taxes on the house as they can vary as much as $3,000-$4,000 for houses in the same price range and that can definitely eat up your cash flow.

@Sanjay SharmaIt's not like going out with a vegetarian: I'll eat your steak, and you can indulge on my broccoli.

Also, try not to “eat” your profits so you have more available for the next one!

It can make the drains run very slow and eventually will eat through the pipe. 

You're right about property taxes, they are pretty brutal and that eats up a huge amount of the rent.

Prior to doing so, I have to map my expense items in the chart of accounts, to those in the schedule E at tax time.

It would be like trying to have a baby eat steak and potatoes.Just start off with what you can handle for now.If you do new , do not compete with a property where you can here hammers.Don't compete with the "Big Boys".