If I am completely true to Dave Ramsey's Philosophy, it will take me at least six years to cash-flow a rental (based on my current budget, and a loose prediction of the future condo/TH prices in my area).Though I understand the risks of borrowing, I am too naive to know the rewards.

It's a slow process, but very exciting to anticipate the buying of properties, but also very rewarding because you feel like you did it on your own and you sacrificed so many things in life to get to this point.

Just an observation I've made overall, though from a landlord perspective it does not affect me at all generally.I just dislike that the current environment rewards you for doing less and being more and more careless with your time and abilities and just leeching taxpayer money.

The reward and the satisfaction of donation beat giving $$$$ to attorneys anytime. 

"The Difference between an investor and a business person is that an investor makes and investment decision once and if successful, with little effort thereafter, receives its financial rewards year after year.

I know that you can't catch them all, but working on your screening process and detective skills will net you far more valuable rewards than insurance dollars.

The work will be greater and the rewards lower.

Subject to: risk vs reward?

There are a lot of these houses in the Richmond,VA. area.the best successes for residents appear to be the houses with 10 -12 or less per house although,that may not be the most lucrative model.The 4 of us(owners of 10 houses) tend to be involved in at least a biweekly basis.It is very rewarding personally but,tragic in other cases.some of us have had some "push back" from HOA's but, the ADA mention usually quiets them.I would be interested in doing more if I can find the right property.Being on the local bus line is a huge advantage

This does not cap the investors return but further rewards the GP for exceeding expectations.For property mgt fees, typically see 3% and asset mgt fees of 2% for the experienced syndicate.