I realize this may be a quite rhetorical question, but after how many years (and houses) would you say you got to a reasonably comfortable level of satisfaction where you could afford a decent lifestyle with some money left over to invest in a few more properties.

But do not count on the extra cash for closing costs or rehab.The lenders are now giving their 80% LTV (or 75%) of the sale price OR appraised value WHICHEVER IS LOWER for investment properties.My best advice is to go check with the bank first: ask these questions, get pre-approved, know your financial limits, etc.

I just started my Inc. not a shelf corp and they already wanted to give me an Equipment financing loan- My personal credit is good but not great (low 700).

One of the great things with real estate is that your creativity is the only limitation.

And in the meantime purchasing some industrial-strength spray.If I wasn't so fat, old and decrepit I'd take a martial arts class, too, but I'm just not spry anymore.A couple towns over from here the city council is seriously considering banning pit bulls from within the city limits.

I invest in the Pittsburgh area (not REO's) and the best advice I could offer is to limit the geographical area to a workable distance.

The biggest issue the 2 of you will be challenged with is how may properties you own which are financed. 10 financed properties is the limit for full doc loans and 5 for stated income verified asset loans.Cash Out refinances under conforming guidelines are nothing special.

Supplies are limited and you MUST RESPOND NOW!!!!

Nathan, I would be cautious about buying 1bd. rental units, limited to singles and couples without children, difficult to keep rented in my market.

If the current tenant damaged the carpet, then I would definitely subtract it from his deposit and that would certainly not be limited to a cleaning fee.Mike