There are no guidelines other than a little healthy sense and good negotiating skills.

If you're offering real deals that had healthy profit in them, you would be sick of answering your phone.

Im goinging to cash out refi with a traditional loan in 6-8months to pay the note off with the owner but also use the cash glow to improve the property leading up to application for loan with community bank.

I would say go for it, that seems like a healthy reserve (without knowing what its for!)

I don't know what your friends mean by "price proper real estate," but I can attest that auctions often go fast and go high, they are very competitive these days.150k is a very healthy egg to be working with.

http://www.ushealthgroup.comIf you don't want to go into the exchange and you are healthy these guys are not bad. 

I have offered my tenants a set amount each month they can deduct from the rent for costs of water to keep landscaping (trees, shrubs, small lawn etc) healthy, not just alive.  

I would eventually want to build a portfolio of properties that bring in a healthy amount of income via "passive". 

Last year, I purchased a solid duplex that's cash flowing a healthy $500 after mortgages and expenses- it's going great and now have the confidence to start to scale up. 

Is this something that can be managed by the mortgage contract and if I plan on refinancing out after a year would it even matter as long as he resumes to stay healthy.