Where's my pen and paper lol@Curt SmithI personally really like what you said about putting in the extra sweat-work in...

Due to health concerns I'm considering retiring next year, and will need extra cash flow to pay for health insurance. 

Apparently, bond markets only needed a day to express that anxiety as today has been extra calm by comparison.

Also, by doing it that way there probably wouldn't be any extra cash....any feedback on this?

Hello everyone, this is something I have been thinking of doing, I do not have any real estate experience nor do I have much extra funds, with that said would I be getting in over my head?

In most cases you'll find everything you need here on BP so don't spend any extra money elsewhere.

I understand the importance of knowing specific areas well, as this would make my life easier, but I also think that with the technology we have nowadays (maps, street view, market analysis, etc), some research and a rigorous approach, this is something that could produce very interesting results.I'd like to know your thoughts, investors!

I haven't personally but I would screen them extra, and if they meet your requirements, I'd let them stay, but if they don't, I'd get a new tenant.

I definitely recommend spending some extra time estimating your rehab budget and then figuring in a good percentage extra for a cushion. 

And yes, some landlords even charge extra rent for the privilege of owning a pet; say an extra $15 to $25 a month for this (we don't..yet).For a long time we didn't change any pet fee to tenants who own pets as I've always had pets and did volunteer work in greyhound rescue.