He knows how to make money on them, but he also loves to drive them occasionally while he has them.  

Talking to a PM a couple of times a month, drive by occasionally, but take yourself out of the nuts-and-bolts.

I touch base with him occasionally, his business is growing. 

I occasionally take renters out on the Lake on the weekends just for gas money. 

I do occasionally buy with cash and then refi to get my money back, but I normally only have a LTV of between 50% and 60% after the refi.MikeMike,Thanks for the reply.

You can also get them when you do your change of address online via the usps website.If you sign up with lowes's and homedepot's websites you will get coupons occasionally was well

It's pretty challenging to find anything that meets the 1% rule here, but there are deal that occasionally pop up. 

Without a strong manager, sometimes tenants get blurred boundaries between the proper role of the tenant vs property owner.  

The other 2k is just "bonus reserve contribution" each month, and it can occasionally be safely utilized as desired (for that trip to Mexico), because I've already budgeted my cap ex reserve contribution into the expenses for the property.

I believe that if you build it "they" will come; "they" being the types of people like myself who want to be close to downtown and work/school and have a tough skin not to be intimidated by crime stats, or the occasional cop chase.