Ive been hitting this hard for about a month and a half and am nervous and excited!!

These can be expense to convert due to the need for energy efficient windows and insulation.

If you do hit the mark at only $4k a month in expenses, you'd be closer to 12% cash on cash.

Your risk is your ability to judge ARV accurately ahead of time.If you're going to buy and hold for appreciation, I think Florida is a bad short term play but given how hard areas have been hit, in 30 years prices are bound to have gone up.If you're looking to be a landlord, cash flow calculations are pretty easy.

I plan on purchasing as much rental property this way with them until I hit my DTI threshold.

It's a fact that some of the markets that got hit fairly hard also have local banks least willing to lend, because many are over-weighted in 1-4's, whether they're performing, non-performing, or REO.

Originally posted by Jon Holdman:Yes, you have your Roth get a non-recourse loan for the difference.A non-recourse loan will run you 40-50% down payment and 6.5-7% interest.I'm not saying it's a bad idea, but you may want to see what the tax hit is for liquidating the IRA and compare it to what you could get with a normal loan.

Google "why hire a property manager" and you'll fail to see anywhere among the top 4 hits (I stopped there) do any of them provide "increased liability protection" as a reason for hiring them.

Once in a while, you may hit one out of the park because you were able to negotiate a very good price.

I put a $300 per unit buffer in cash, and a large expense buffer that is currently invested with life insurance that i can borrow against if anything ever hits the fan.