I was guided by my mortgage professionals over the years to aim to fill out the 10 “golden tickets” of conventional loans, before portfolio.  

Hi BP Community! 
As a first time real estate investor, I am currently sitting on some equity on a townhome I purchased in May of 2020 and looking to invest in a second property using that equity as a down payment. M...

The property 3 years later is worth 15k more.With rental increase let's say rent averaged 1,400 over 3 years time.1,400 X 3 years = 4,200 cash flow + 15k appreciation for 19,200 in 3 yearsNow if a roof, plumbing, electrical goes out on an older house the cost could be a little less or the same as a larger property with higher rents to repair or replace.If you have one tenant go out and turn and some big ticket items to replace that could be a swing of 10k to 15k outlay over 3 years leaving you with a nominal cash flow return.Example 2:You buy in Austin for 250k putting 50k down in a new subdivision.

It such a big ticket item you are better safe than sorry.   

And maybe just joining a “club” of like minded investors would be worth the ticket To the guy that suggested: have you done a deal with them?

Everything that I found so far has fees and tickets and sounds over the top.

Now I'd recommend buying some lottery tickets since you have some good karma to cash in on.  

And without seeing a ticket no one knows if a stop needed replacement, if a flange was cracked or too low, or is any other issue was involved.

Then add on a Home Warranty for the big ticket items. 

I'm looking at this one as similar to buying lottery tickets: maybe it will pay off some day, but probably not!