You can legally pool other peoples money and purchase larger properties and hire professional PM.You will find many different opinions on this forum.Good luck and stay healthy.

Your return on investment is magnified with a one-two punch of healthy cash flow plus increased equity from appreciation.3.

Keep safe, be healthy and see you around the site!

I also want a healthy maintenance budget since a tenant will get in there and there will no doubt be (hopefully) small items to contend with... 

A buyer list isn't always key - you need to surround yourself with a healthy team of a tight network.

Where i'm struggling is determining a healthy scope of work.

Either they tell you glowing things (which could be because the applicant is a great tenant, or a horrible tenant they want to get rid of), or they're scared of liability so they'll say nothing at all (q.v., Dawn's great story).

Opened a revolving line of credit for $200,000 against the equity in the house and just recently used it to buy my third property.It seems the market is still very healthy in the DC/MD/VA metro area.

Rents in Detroit actually went into decline with the abundance of foreclosures there, because those fresh foreclosures sold so cheaply that landlords could hit their target cashflow with lower rents - so they lowered rents to attract tenants thus leaving other landlords who had paid more previously now stuck with trying to find tenants in that declining market.But in a healthy area, rents will be typically increasing by a "cost of living" factor - 3% to 4% in most years.

Separate bank accounts for each LLC, separate annual filings, and in California, a "healthy" $800 tax bill annually (due from each LLC) for the privilege.