They will eat your cash flow faster than you can say "the water's fine, jump on in".I am down to one rental with a pool.

@Tyler Fernandez, first of all let me commend you in being unafraid of eating the elephant.

And not surprisingly, her home is very well kept (can eat off the floor) and everything that breaks is fixed asap.

Forward anyone to our attorney(s) and eat the cost but let the attorneys deal with the stress.

If I tell you that you should stop eating meats and dairy products...  

I am also going to cut back my eating out so my total food bill per month should be around $400 for me.

They'd be better off making a law that stated it is illegal to eat bad food if you don't meet certain physical fitness requirements.

You may be able to find someone to rent the property at above market rates, but your turnover rate will be higher, leading to higher vacancy costs, turnover expenses and leasing commissions, which will more than eat up any extra monthly rent you received.

I would guess that the income taxes are eating you alive on this amount of volume.  

As someone looking to buy and hold I'm avoiding ARM liens where possible because of the extra risk from rate resets eating into your cash flow.