I would like to wait until this time so I can have money in the bank to allow for any of the uncertainties or emergencies that may arise.5 + year plan:Acquire more rental properties to start building long term wealth.That is what I have so far, I know this is a work in progress and the business plan should always be treated as guidelines and should have some room to maneuver as well as grow and adapt to the ever changing market.As far as how much money I would like to have in the bank, well I haven't come up with a realistic goal yet.

When you use a good service provider that you like the quality of work and price, save their contact info and talk to them about them doing all future repairs for a discounted price.If you don't mind fielding calls and setting up the logistics to deal with problems that arise or if you're not within driving distance I would hire a property manager.

We self manage our rentals here, so we don't pay a PM and when issues do arise (which have been quite rare), depending on the issue I may address it myself, or call a local handyman or contractor.  

@Dion DePaoliwhat if the contract is full of stuff like "the party of the second part, his/her or their heirs, assigns, or any party acting in their stead, shall indemnify the party of the first part for any loss, cost, damage or expense, including but not limited to reasonable attorney fees together with costs of court, arising from or out of any subrogated security interest assumed as set forth hereinabove specifically or by referenced, to include those recitals, agreements and obligations created under that specific promissory note mentioned....." .

I would like to network with other BP members and see if anything arise.

We also have more than 100k in equity in our duplex here, so we've discussed rolling that into a larger property at some point if the opportunity arises. 

@Jaan DoggwilerHi Jaan,I've played with the thought of renting while I look, but then arises the issue of breaking the lease.

Sounds like you are doing well for yourself.Stay in the loop of whats going on in your market by networking and IMO be ready to transition to do deals with different strategies when the time arises, otherwise if you have something that is working for you and your goals, why change.I would have to agree with you that BP is way more beneficial than Facebook lol and once you start meeting different people on here and searching the site it becomes just as addictive and very informative!

When issues arise, you need to get them fixed as soon as possible without waiting for the issues to get worse!

Ensure that your lease provides for termination for violations of law or ordinance and for your indemnification for any loss arising from thier occupancy/lease regardless of any contributory negligence or legal liability.Parrrrrrdeee, Parrrrrdeee !