Thank you all for your wisdom and contributions. 

The general wisdom is that actual LT expenses (accruing for onetime expenses like roofs, boilers, and parking lots) run closer to 50-60% of gross revenues. 

I'm not in any financial trouble by any means.I certainly see the wisdom in why buy one $100,000 house with cash when you can put five $20,000 down payments on 5 properties?  

A tenant in one of my single-family homes has asked whether I'm interested in selling and whether I'd consider doing a lease purchase option on the house.I have no strong feelings about this one way or another, but I'd like to get your collective wisdom before responding to her.

US Bank Vectra Bank Wisdom from Ann Bellamy:I also never keep much cash in a bank account in the same bank where I have any mortgage.

@Matt McMackenThanks for the words of wisdom

Please reach out to @Alyssa McEwan if you have words of wisdom you’d like to share before the next meet up!

Then if your price is far, yet you feel you still would want property and that you've done a great analysis - then I would approach broker to let him know you like the deal - yet are unable to make the whisper price work,  explain that you do not want to insult the seller or the broker ( as you are building these relationships) The selling Broker may give you some words of wisdom to win the deal, as they have undisclosed info.When you make your offer always include your resume and maybe your story on why you want this property and why you are a good fit.

Thank your relative for her wisdom of helping you now to build your legacy (remember to pass it forward).

However, conventional wisdom on vinyl windows is that black ones like yours would absorb too much sun and warp, especially in that hot FL sun.