According to some of the (albeit, limited) research I've done, it's not wise to assume that lenders will just automatically apply the excess towards principal.Good luck either way!

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

Many people have problems figuring out layout or the size of rooms without it being staged. 

It is rarely a good idea to buy anything that does not cashflow, definitely not at this stage in your investing career.

If rents drop catastrophically you have a long way to adjust them if you own free and clear.But you are also getting the benefit of leverage on the other property.And best of all you are setting the stage for future growth by concentrating equity. 

When the next water bill came it was over $100 more than the average bill which I paid and didn't say anything to them and since there hasn't been any excessive usage that I am aware of. 

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

I've got 7 new construction build to rent projects in various stages of construction right now with the first one set to complete next month.

“The U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006,” he said, adding: 

Developers will catch this during the feasibility stage and it is an added cost to them to have the city upsize their utilities.