A little late to the gratitude fest, but like @Kerry Baird above, I am genuinely grateful for the old timers here and the new voices as the collective wisdom of this group is something I tap into regularly.

Because the cost of roofs, ac units, water heaters and so on don’t care if you collect $600/mo in rent or $3,000/mo.  

The goal is to start getting your land-lording processes into place--how will you advertise, how will you screen, how will you collect rent, how will you deal with maintenance, who are you going to use as a lender, what is your process for bookkeeping and taxes.   

Having all my bills go on a credit card and paying them off last day in full. then collecting the bonus points on the card.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

Its super easy to setup and use, but it still comes packed full of great features and automation to prepare for tax season, but also for rent collection, transaction management, and so much more.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I just picked a Luxe collection medium queen and it is $1899.

Hi @Luca Perinuzzi - I can talk about this extensively. 

So far we have collected about $280,000 but the borrower has been unable to pay us off.