And, even then, hitting your rate target would still be extremely challenging unless you were paying points up front, in which case it would probably make more sense to just try to put in a bigger down payment (or pay down the balance if refi) instead and get better terms naturally offered at the lower LTV.

I think I'll have to wait 2-3 years to pay for the renovation unless I take out a loan for the shower renovation.

If they failed to pay the bill and utilities are shut off, they are responsible for any damages caused.

Or better yet your properties can start paying off your properties.

That is what we thought, but are being told we have to pay SS and medicare on this now even though it is "deferred." 

@Helena Lee, I do not have experience with it, BUT I would expect to pay capital gains on the bitcoin. 

You've got to include loan pay down, appreciation, and depreciation in your return calculations.The point of cash flow is to keep you safe.

If you go that route, focus on stable, landlord-friendly areas with strong rental demand, and build a reliable team on the ground (property manager, agent, contractor).Regarding property management, it depends on your bandwidth and goals.

Having to go see a piece and pay for transport makes used less attractive. 

It seems more your fault for choosing the "lying" contractors from the tenants point of view, if you ask them to pay up, I'm sure they would.