We came home and compared notes, typed them up into Word, talked about a plan moving forward, and made some meetings with some people we want to meet with to discuss a few more questions and start mapping out a strategy.

I'm here because this is, in my opinion, hands-down, the best job in the world... never-ending possibilities and never-ending opportunities for reward.

I would compare having an architect do the plan to having a Dentist clean my teeth.

I had to provide some documentation, but minimal compared to actually getting a new loan.

If I can mortage 100%, 14% interest, and still cash flow, using 50% rule, im fine with it. when i started I didnt have money to carry properties for 1 month unrented, guess what, i worked harder, faster, and made it work. kinda wish now a days i had no reserves, although my reserve fund is TINY compared to most, I think if I had NONE I would be at one of my empty recently vandalized properties right now replacing sheetrock as oppose to being on BP!

Im in a hard hit market in Northern CA so properties are still relativly inexpensive compared to what they were 5 years ago.

I'm buying at a significant discount compared to current rental value, and even if rents dropped 50%+, I could cover the payments without raiding my personal bank account.

So, even if it is a charged debate topic, just like tax and immigration reform are always hot topics come election year that are forgotten about one week after innaguration, responsible middle class people will not get rewarded for good behavior.

Ask a couple of property managers and look in the paper and on Craig's List to compare rents.

I've now been using them for a dozen years (even though I moved out of the state in 2013), and Investors Accounting has saved me literally hundreds of thousands of dollars over the past decade...their annual fee is basically nothing compared to that.But, I agree that if I just wanted tax prep, I'd probably go somewhere else (or do it myself).