One month of vacancy will eat up two years of cash flow.I'm in a market where the average single-family sells for $260,000 and rents for $1400 - $1600.

People started protesting and open carrying guns all around because they wanted to get haircuts and go out to eat; imagine the civil unrest if we had added mass evictions to the mix, when people were laid off through no fault of their own and couldn’t get their unemployment money for too long.What would be more useful is specific rental payment assistance, which could be initiated by landlords as well as tenants, so that folks could at least get the rent paid to prevent futher losses.

Don’t get a handheld... you’ll get awfully sick of carrying 1L of paint around all day and refilling the little cup constantly eats time.

It helps if you take a very active role in building relationships with experienced syndicators and finding the ones who have a need for your specific skillset.Don't try to eat the whole apple on the first one! 

Even with the 'extra 9K' buffer you are starting with <20k spread.A few things, what if your appraised value is off 10%, your market softens either increasing hold time or squeezes your sale price 5%, those rehab maybes become definite and eat up some of that 9k, how does this deal look now?

Depending on what your strategy is, you could simply keep it as a rental since selling too soon will eat your profit given carrying and selling costs.Best of luck!

Gone are the days when you could work and save, and then live comfortably on that nest egg till you die.

Renovations and repairs would probably be needed unless you want to milk and slumlord it.Repairs were done to the bear minimum.Roof and some windows/doors have been replaced sometime in last 10 years..5 acre lotEach unit has 2 bedrooms, 1 full bath, eat in kitchen, and living room on the 2nd level.

I owned, self-managed, and developed a number of properties before the 2008-2009 real estate crash. I have since recovered and have started and investment group in Chicago,IL. All principals have 700+ FICOs and we hav...

I may have to eat the gas cost at this point.