@Stephen E. - your post is very helpful and critical to recognize.  

E.

I believe they're actually still on the market :)Early Sept I bought a 2 bed condo in Rox and a rowhouse in E Mt Airy.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

In simplest form, you can just use a spreadsheet that mimics IRS Schedule E.

Them I plan rink e on to other areas of the business.

All (excluding lucky) successful fundamental investors and technical traders integrate a sound strategy for risk management, hedging is a component of what Buffet might call a fundamentally sound investment station. $66 is 1.2% of profit, if there is any chance of the described loss being incurred, risk reward ratios would insist hedging when it's cost is only 1.2% of profit.

Gulley has some excellent points about building your overall fundamental knowledge step by step in a progressive program.

I see where they are coming from, cash-out refi's can be hazardous unless there are very strong fundamentals on building/owner finances.  

But since we live in Canada everything goes over the phone or e-mail.