I barely have any savings [nothing in reserves as well].

Our calculation is that w/ a 5% - 6% cap rate, and let's say we barely breakeven on cashflow, it would still be beneficial for us to use the garage for storage.

At bare minimum you have a locked in 30 fixed cash-flowing property while rents keep rising and inflation grows (Even if prices drop in the long-term they will always rise higher) 

People who can barely feed themselves seem to always own a 100 pound dog.As a landlord and dog lover, I don't allow any large dogs in my rentals (except service animals).

Most banks like to see 1.1 : 1 bare minimum but as an investor you'd love to be much higher.If you wanna figure out what the loan payment would be for you on your exact property I can do it for you so you can compare that number to the monthly rent.

However if you feel the need to avoid a property manager or real estate agent providing tenant placement, I would seek show mojo's help in the lock access and showing schedule at a bare minimum.

Scrambled at the last minute to get the only variable number down - the insurance - in order to just barely qualify.

It didn't bother me because I could barely see them, but a bunch of neighbors tried to get them kicked out of camping/RVing on their own lot because it was prohibited in the CCRs.I don't know how it turned out because I wasn't active in the HOA.

I also found a buy and hold that would cash flow barely but annual appreciation kept pace or exceeded the rate of inflation.

Hi @Rahul Srivastava, use common sense is the best advice.When you say "warm colors" do you mean hot pink and bright red?