My inclination is toward more units, since with a larger building, we would centralize our holdings and potentially have fewer big ticket repairs (ie one roof to replace instead of 2).Everyone else - I appreciate the discussion of the pros and cons of other financing options.

Does a police officer stop everyone and issue a ticket to those who speed?

Source documents are underlying documents that show the origination of a transaction, your gas pump receipt is a source document in showing you fuel expenses, a shipping invoice will show when an item was shipped and perhaps received, a parking ticket could show that at a certain time your vehicle was at some location, they are documents that can justify a claim being made.The closing agent can clearly show that there were no contractual obligations or other agreements made that would be applicable to that transaction.It depends on your settlement instructions, is there some disclosure or declaration made that no other property other than real property is involved, anything as to no other credits, allowances or other financial arrangements have been made or are expected to be after settlement?

Many of my rentals are in Class C areas where everyone smokes, buys lottery tickets, and live from hand to mouth, check to check.

You really will have to buy those big ticket items over the long term.

You are forgetting general maintenance expenses, vacancy, prop management, and big ticket items (roof, hvac, etc).

I have free tickets to a Lou Brown seminar this Saturday.

That is alot of plane tickets!!!

I'm an hvac guy and my usual ticket for a simple repair is $150, which will wipe out cash flow very quickly.

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