So I have been supplementing the operation of this RE for 2.5 years.

What if I experienced a net loss for the month and need to supplement the property account with personal money to cover an expense or payment?

Normally, I suggest aiming for $45k+ if you are looking at $140k+ deals.

My initial hire, working from 5 pm to 3 am, was aimed to provide me with more family time.

To avoid the challenges associated with inherited tenants, investors can:- aim to purchase properties 100% vacant at closing.

Hey Kirk, it really comes down to what you're aiming for.

@Kris Villasenor - All good points, 95% of wholesalers just aim to get it under contact and not consider the exit strategy.

I'm hoping to begin supplementing my pay soon and eventually do this full time!

The problem with a refi appraisal is there is no purchase price the appraiser can target, so they will always be more conservative and aim low.Bottom line: I would absolutely invest in a mini-split systems.

Of course there is a line that separates legal business from criminal enterprise, but the line is not drawn where you draw it, by alleging and asserting that a businessman must act against his own interests and make idiotic decisions aimed to ruin his own business.All above said, I am not an evil or malicious person.