Hello everyone, been listening to the podcast for a while now and finally am getting around to creating an account!

-vacancy you need to account for some sort of vacancy ( you did this by not accounting for the efficiency rents) I use 4-5% but this is area specific, talk to some local PM’s they can tell you what is normal.

I was fortunate, again, to have my father co-sign on most everything, but Bank of America got so granular, I had to explain a $300 deposit in my account for selling a couch on Craigslist along with every SINGLE transaction over about 3 month period.

I just handled my father-in-law’s estate and thankfully he had everything (i.e. cars, house, bank & investment accounts, etc) in the trust.

I suspect $200/door is generous on cash flow of a Midwest average SFR after accounting for all expenses and cap expense reserves.Be leery of numbers provided by OOS sellers. 

Do you want to build up a big portfolio, or build up a lot of 0's at the end of your bank account?  

Account Closed hey thx so much i’ll gladly take the help!!!!

I appreciate your thoughts/comments on the following items:- I believe that a separate account needs to be setup for Security Deposit and Collecting Rent.

I also have the added bonus of getting lot rent out of it so the return goes through the roof.If you have taken into account all your recurring costs as well as your "escrow" items such as furnace, roof, flooring replacement, YOUR TIME and effort, and you still net $250/month cash flow, that is a pretty good return. 

Do you think its smart to have seperate bank accounts for your properties?