I followed the link Account Closed posted and based on my natural pettiness would be likely to pay the $30 even though I think collection probability would be low just so when their credit is pulled there is a clear scarlet letter warning future landlords this person is a deadbeat.  

Encroachment of this nature should not impede your ability to sell in securing lending for your future buyer. 

The terms continue to improve as the loan size and borrower experience go up...20-25% down, 10+ years fixed, no balloon in some cases, non-recourse, interest only periods, supplemental loan features rather than having to re-finance out the value add.

My end goal would be to build enough passive income to supplement my other investment income, so that I could transition to a different career. 

Human nature at work.

And naturally quit my job the next day..

Instead of a cheaper natural gas furnace you are going to be paying the electric on the space heaters.

They get stuck in massive debt and fight to keep from going under.Had they taken another path and invested into great properties with equity growth they might be sitting on 1,000,000 total net worth in 3 years getting a nice income stream to supplement.

While I agree with many others on this thread that you cannot ignore traditional means of getting business, I think social media ads are a great (and cheap) way to supplement your business.So, to answer your original question, I'll post to social media less and focus my time on the ads I want to run to generate leads.

Naturally I'd also be renting the house out, but I'd like to be able to cover all costs myself to keep this plan concrete.Any thoughts?