I finally buckled under Josh and Brandon's constant admonitions on the podcasts and became a member of the site. I'm a classical musician and part-time landlord in Cincinnati, coming up on 2 years of home ownership...

I'm a big fan of leveraging as much as possible, so the 5% would be great, but I've never heard of a lender who will let you do a down payment that low on an investment property. 20% is usually the minimum.

I'm a Comercial investor from SF, but in the south bay frequently.

I'm a big fan of the Central Texas area, and currently have several MFHs in the Fort Hood area, as well as completing our second flip in San Antonio.One of the challenges I've seen in the Killeen-Fort Hood area is that it is a little challenge competing with all of the new homes being built in the area.

Since you're just getting started read Brandon Turner's book, "The Ultimate Beginner's Guide to Real Estate Investing", then accept my colleague request.Personally, I started out listening to all the podcasts, so I'm a big fan of that.

I believe he is an excellent property manager and you will not find anyone that works harder then him or knows more.I am not a big fan of MF in Memphis unless you can get in the U of M area of Midtown (38104).

I would only go this route if required under legislation.You could even specify a different treatment for tenants who are frequently late (i.e. 2, or more, times in a year) and have the late fee assessed on the 2nd.When we assess a late fee, it is due with the overdue balance of rent.If it is written into the lease, there is no need to send a letter ... though you might send the tenant an email reminding them they now owe a late fee in addition to their rental arrears.We also have a hard-stop where we issue a Notice to Vacate: For tenants who are late paying rent for the first time we will wait until the 7th.  

Idk if I would be a huge fan of being at the mercy of college students paying their gas in the winter, which I am assuming the landlord is responsible for since there are 4 units and only 2 furnaces.

I wouldn't say the small cadre of frequent buyers at the auction here are sharks, as others do.

We sealed off all the doors to the room, and used a box fan in a window to create negative air pressure.