@Dan Kim, one thing to remember is owning rentals is a job, and often times a very stressful and time intensive job.  

A qualified 3rd party intermediary makes everything easier (also required) and if you don't have another deal or property lined up or in the works it makes the process 10X more stressful.

Moving a new tenant into your property can be stressful for both the tenant and the landlord.

It has been a stressful year for me with respect to repairs.

Pros: Gas is very efficient, so it can reduce your utility bill significantly over electric or oil furnaces.

Fixing leaks and having a supervisor onsite help me reduce expenses and maintain the building up to code.

Unfortunately, he had no prior experience in that business, sat around all day, and on nice days, take long walks.Usually in discussion about LLC''s, they stressed the needs not to comingle funds.

I also HIGHLY suggest that you have an idea of what your buyers will pay or a specific buyer in mind before you lock up a deal so you don't have the stress of trying to find a buyer later and risk pissing off your sell by not performing.

Mortgage recasts are not available after refinancing.Option 1: Get a $75k loan, have a $150/mo cash flow.Option 2: Get a $90k loan, have $80/mo in cash flow.Is it better to have the additional cash flow over the life of the 30 year loan based on the $75k loanorIs it better to take on additional mortgage debt to reduce the need for private money over the 3-5 year time frame?

For me - water pressure reducer at the main line.