That produces total rental income of $25,200 per year (4 x $525 = $2100 x 12 = $25,200).

It also frames my investment decisions to only go after great deals that will produce cashflow like a good property would on a 30 year note but instead ona 15.

There is another report, the National Apartment Report,produced by Marcus & Millichap that gives their opinion/perspective on the market.

North Richland Hills is a GREAT example of 2 things: 1) Owner-occupants flooding the market (500+ ppl move to Texas per day, along with numerous businesses moving to Texas weekly) and 2) Investors are settling into long term cash-flow investments that produce longer-term returns over a period of time with these bread 'n butter SFR.

The property must be income producing and some will not lend on certain property types like raw land or mobile homes; others require higher down payments, and so on.The IRA itself is the borrower and the IRA must make the monthly mortgage payments.

Disposal of fluids can be done properly, it's when they aren't you can have an issue.Noise is another issue to be covered generally, so revving up an engine constantly (as if they think they know what they are doing as old hot roders did) can be a noise issue.My lease prevented the tenant from keeping any inoperable machinery on premises or parts thereof, which meant all vehicles, lawn mowers or any gadget had to be operable, vehicles had to be titled, licensed and insured.The outside had to be free of clutter, trash, salvage or personal property not designed specifically as lawn furniture or for outdoor cooking and such was to be stored from view from the street when not in use.Those types of covenants will take care of a vehicle on blocks or an engine sitting in the yard.I wouldn't say anything about some minor repair being made to a vehicle, where do you draw the line, changing a windshield wiper or adding fluids or pulling the transmission. so long as it's done in the day and operable, doesn't cause toxics to spill, doesn't produce unwanted annoying noises, isn't a safety issue, is kept clean and neat, what's the issue?

Yes, you are correct but I'm also fighting against years of extreme laziness and the incredible comfort of my bed.

The hour it to took to work on the website I should have put towards searching Craigslist, or driving for dollars, or other more deal producing activities.

You are an incredibly helpful clever box full of awesome.

Reducing the cost of living will probably produce a commensurate drop in income, so this is not necessarily the way to go, just something to think about.Good luck to you.