In the long post-2008 stretch when interest rates were very low, almost no QIs paid interest because there simply wasn't much. 

Did you have January rent reimbursed as credit on the escrow settlement ?

For example because medical can be expensive, you have one property with low LTV, like a single family home bought for under $100K but then you have another property that is more about appreciation and that one goes towards travel, etc.

The goal with this strategy is to have low living expenses as your tenants are helping you pay down your mortgage.

@John Thomas This is a losing formula:  I am looking to invest out-of-state as a long-term, buy and hold investor in the lower cost, higher cash-flowing markets of the midwest and southeastern US.You do not want to focus your investment thesis on cash flow and low barrier of entry markets.

I’ve checked Honolulu and seen condos as low as 250k  ( studio/condotels) to 700k.

I'm looking through the spreadsheet and I think it's worth mentioning that it's possible to spend a lot less for certain material items as well as labor in many cases depending on how frugal you want to beinterior door with hardware: $5-10 used, $30-50 newwindow: $10-50 used, $100-200 newlight fixtures: $1-10 used, 6 pack flushmount at lowes for $44fan fixture: $24-60 new water heater: $250 newtoilet: $50-90 newsink: $40-200 new faucet: $10-30 newtile: 0.49-2/sqft newappliance: $20-200 each appliance usedmy last rehab was:60 elec permit cost + 300 elec repair (tenant destroyed meter box causing house to be condemned)1600 material + 1500 labor flooring for 1400 sqft500 material + 600 labor spray paint whole house semigloss and patch some large holes$30 for 4 interior doors which I put in$10 mirror for bathroom$100 paint porch, stairs, and stair rail brown$50 fridge, $10 burner plates for stoveI also spent at least a few hundred with help on cleaning and taking out the trash and some other expenses here and there which altogether added up to about 5 thousand.I spent maybe 30 hours over there in total on the weekends.

Build credit history and savings for down payment and closing costs.

Additionally, a sale would not affect their credit and having cash would give them flexibility and a stronger tool than trapped equity.

My hourly rate is very low, and I make most of my income from over time.