I would be very careful treading into the coaching/guru ocean lots of sharks and promoters Would also say I enjoyed section 8 landlording in my 20's for an ideal retirement absolutely not for me but if you are looking for amusement welcome to the show you will not get bored watching tv all day, golfing or traveling like your friends for sure.Reach out if you have any specific questionsJon Bock, CPA

And starting out, with self management, it’s OKAY to not count the property management fee….I know that’s un-popular on BP but I feel like that thinking came during the era of deals being bought during 2010-2015 when everything was low from the last crash and doing nothing but go up during the last bull run….I used to worry about every penny on net cash flow and for me, it was a type of analysis paralysis…..investing beyond cash flow has set me free and let me factor in so many other things like appreciation, equity growth, and reduction of taxes paid especially being self employed now… That is WAY more than you asked me….but I am just saying keep doing the analysis but man at some point you will only know what the net cash flow really is by having something giving you CF….and in reality it is not always perfectly predictable - someone loses a job and stops paying, breaks a lease, a hot water tank goes out, etc, and it wipes out CF for awhile and doesn’t fit into the perfect 5% capex / vacancy reserve formula…just my opinion.   

I started my real estate career in 2008 when the market started to tank (which didn't really effect the area until almost 2 years later than everyone else).

Of course, with my first property, I needed a hot water tank within the first 4 months and I had the funds set aside to cover this with no issue. 

Be sure to ask for any maintenance records for the tanks.

New appliances including refrigerator, stove, microwave, dishwasher, garbage disposal, washer, dryer, and hot water tank.

Is there anyone out there who might be able to give me a rough estimate of what it may cost to have a septic tank removed from a property?

Made my day.In the end I lost $500 but $120 got returned to my credit card from the thief, and the store manager gifted me $300 in tools, and my girlfriend borrowed my truck and filled the tank for me ($100).

They just get too cute and swim as minnows in a pool with sharks and whales.

They had run out of heating oil and were buying diesel fuel, 5 gallons at a time and pouring it in the heating tank.