I'm trying to get the ugly picture in my head.The property needs a gut job full restoration and is surrounded by vacant lots and crummy streets,is that right?

From your picture you look like maybe 30, so if you want to have this many units by the time you are 50 you are talking about picking up 5 SFHs every year for the next 20 years.

At first I was thinking that I would wait until I payed off my student loans to start investing, but now I'm thinking I may try and purchase some cash flowing properties to help cover my student loan payments so I can use my income to save for more.

Hey everyone, just curious if anyone has run into this before,Currently have a property under contract in Broward County, Florida, and once the 4 point was sent to the insurance company they said they do not have anyone that covers active cloth wiring.

This covers the renter covers the small repairs, and my insurance covers the disasters.

If I do a real estate tranaaction every year or two it more than covers my costs and gives me access to MLS.

I have to use the entire security deposit to cover lost rent.  

You will never be sorry about doing that.I know you can only do what you can do but don't lose sight of the big picture.

If you are looking for a place to own and have the rents cover the expenses, you may be able to get away with even a little less than 1%.

The reserves that we did have, the former board repeatedly tapped into to cover small expenditures less than $10k which you are not supposed to do, and they did not fund the reserves for future projects (such as painting the community, paving the parking lot, etc.), and we owed over $98k to our reserves when I took over.