It's been a learning curve to say the least but a lot of fun and nice to see a nest egg building up for retirement if all goes as planned.

I'm doing my absolute best every month to add to this nest egg.

no good reason unless the market was really slow and the cost of carring the property would eat up profits, so they went to market, sold to anyone!

When Columbine was being shot up, the cops sat in the parking lot eating donuts and were too scared to go inside.

You are going to have vacancy, maintenance, capital expenditures, special assessments and various other expenses that are going to eat into the $300/month cashflow.You absolutely can refuse to rent to someone based on the results of your background check/credit history/salary, etc.

I definitely won't be putting all my eggs in that basket.

Is it a project that will eat up a ton of your time and keep you up late or a deal that can run well with limited input?

It's hard to believe that a licensed professional would expect me to eat $2500 because he was asleep at the wheel though.

.* Don't get bogged down trying to rehab these properties by yourself, it will take too long, and the lost rent and carrying costs for utilities and insurance will eat up what you think you're "saving".

The client was panicked because his holding costs with the loan were eating him up with each passing week.