Ideally you would find a duplex and rent out one side and live in the other.

i bought and have been vacant since November 30th. trying to find a tenant in the winter, 20 miles from home, and taking 9 days vacation in Austria, were not the ideal setup.

r2d246,You are playing fast and loose with the numbers.

Thanks for the welcome....I sell all sorts of home gadgets the best thing Ive put into a home yet is called Sonos....Incredible home music server system thats inexpensive and allows the homeowner to play 2million songs from the rhapsody server..My dad and I have an office building in San Bernidino, Ca.

Ideally, I would like to have an LLC for each property I purchase so as not to put an property at risk due to the others.Thanks again!

Okay declaring my own country might be hard but if anyone has played cashflow 101 you pick a dream before you start haha.

Another dilemma arises in situations where "equitable subrogation" comes into play.

She is playing you and because you let it go for so long she may get over.

Hey there not sure if you have yet to find financing for this property..if not please contact me...this is something I deal with on a daily basis.

If lenders typically want me to have some reserves on hand, then I'll play along and make that happen.