This strategy requires a solid financial buffer to handle the negative cash flow and any unexpected expenses.

Every skip tracer says they are the best and often times more expensive isn’t always better. 

You're talking about some expensive conversions just to put more heads in beds. 

It is scary and frustrating and can be expensive.  

It would be the income after paying all expenses like mortgage utilities etc and property manager

@Alex Lawson I know an investor that also has a list of expenses for repairs.

So we mentioned that they will be liable for the paint expense which he thinks is the landlords responsibility to paint every three years.

The reason being: we’d love to live long term in New England but we’re very discouraged by the housing market up here (a lot of expensive run down properties and seems like a lot of red tape) 

The second is a growing desire to manage risk through owning better-quality assets where unexpected capital expenses are less likely.

Currently only 30 people per milePersonal Preferences:Local Metro: Older build , more expensive (at best its 0-100 cash-flow), higher rents, larger tenant pool Nearby Rural: New build , cheaper (Will cash flow +500), rents a little softer but demand for new products and neighborhoods is real, tighter tenant pool.