--I transferred all of my rainy day cash to the loan to get the balance down.

It’s also wise to keep debt management in mind as you scale—balancing between leveraging opportunities and maintaining financial stability is key.If you have any specific questions or need further insights into the Memphis market, feel free to ask.

Setting up a team (cleaning crew, handymen) early on will help you balance your workload and minimize stress.

It's inspiring to see how you’ve balanced a career in medicine with building such an impressive real estate portfolio. i am new to biggerpockets as well, and am a realtor for distressed off market real estate here in Fort Worth.

Hi Guys,in FL,HOA is foreclosing on a house in a week - Lien of 25k.the property also has a 1st position loan (Reverse mortgage)  that also just started proceedings with no set date or "Final Judgement" numbers yet.On the details of the 1st reverse mortgage foreclosure, its only mentioned that there is 320k principal balance due.The original note of the 1st was issued 2009, with a total sum of 650k, payble up to 2081 (!!).

Quote from @Victoria Phifer: I don't recommend charging anything on a credit card unless you have total control of your finances and can pay off the balance every month.I charge everything I can to credit cards, but I pay the balance off every month, 100% without fail.

What's the house worth and what's your balance with the seller?

If you refinance or pay off the balance before then, the lender will give back everything from helping you. 

You can't increase the rent, rent may get paid late, internal arguments, etc.Make sure to balance all the pros and cons in your situation.

It creates a lot of friction with other tenants and normally creates a poor work life balance for the manager.