(don't eat out,go to movies,etc.)The problem is you might not be alive in 25 years to enjoy it.That 1 million in 25 years is not worth 1,000,000 or even close to it anymore because of inflation.I believe the balance is in the middle.Enjoy today responsibly and do fun things but not out of control.As your income and net worth grows you still save and reinvest very heavily but your quality of life continues to improve.With some people it doesn't matter how much they make they will spend it all 100k,200k etc.Someone else could make only 75k a year but save and invest most of it and at the end of 10 years for example the saver has over 1 million in assets and the reckless spender has millions and million of bad debt.Partnerships are easy to get into and a huge mess to get out of so I think you need to decide on a different approach.

As for the damage deposit, sorry to say but I'm willing to bet you'll find enough damage to eat up the full amount.

OPM.One disadvantage of using leverage is that if you have only 2-3 properties with standard mortgages, your payments will eat away at your rental income and you won't be left with that much at the end of each month, if anything.

Plus, do not forget to factor in your listing and closing costs which could eat up another 8% of the value.Since your profit margin is so small, you will really have to weight this deal very carefully.

Yes, the bank did not drop the price, so I ended up just eating the cost.

Wifey and I are coming through next month to watch colors change AND eat Clam Chowder and would love to meet up- Let me know.

The pest control will not matter if the tenant is not clean.The animals will eat the food,grease,trash instead of the poison.If there is nothing to eat they will ingest the poison and start to stay away.If you have a connected unit you do not own the problem could reside with those people and not your tenant.

If I'm on vacation in Costa Rica as in John's example, I probably won't find out about the suit until I get back, and I might eat up my entire time to respond without even realizing it.

So you can sleep, chill, even EAT.

The numbers always look good on paper.Then you analyze and find out the numbers are off.Now what is left is finance options with the real numbers and if the seller is realistic or not.A four plex has it's own issues.Buying a larger complex can be okay for your first one if you purchase correctly.If purchased wrongly it can take down your other positive investments just to keep it afloat.5 units up to about 20 units someone can self manage but it gets really hard.Larger size properties it's easier to have a full time PM company in place where that's all they do.If you are buying in a less desirable part of town for more cash flow usually the more intense management and unit turnover rate will eat into the perceived extra cash flow gains.Nicer areas with better demographics will have more lenders lining up to give you great loan terms over suspect areas which present more risk of the area going really bad for the lender.If an area tilts from okay to bad now the lender is taking on a foreclosure for a huge loss on the loan.