If you can learn to measure people through the art of interviewing, you'll learn an invaluable skill. 

This is more art than science but you could calculate what you need to have a 6-12 month emergency fund should the unexpected happen (job loss, economic crash, etc.) and keep that amount liquid or available.  

To do so I have prepared by reading a few books, most recently "The art of wholesaling properties," listening to BP podcasts, and reading BP posts. 

This is out of state, and I already have a good broker and an EXCELLENT management company ready to take over upon purchase.  

I have many connections around this area and could easily pick up a couple properties in excellent areas that could net $500/m. 

.-- (Excel was not meant for this purpose).BR1-  8x12BR2 -8x12Bath appox -10x5- with small vanity 24", 60"x30" tub and toiletLiving Room-10x13Kitchen-8x10-  about 10 LF of cabinets, about 22 sqft of counter tops.I have run some numbers and have a relatively decent idea of what I believe materials would cost per unit (around 8K), but the labor is the wildcard right now. 

I also keep up with regular maintenance for all properties and have excellent management in place that don't delay with anything that needs to be taken care of. 3.

This is one of those situations where tax return prep is both an art and a science.TECHNICALLY....You can only deduct mortgage interest if you are personally liable for the debt.  

Section 8 pays rent through the eviction process and if you are Tier 2 of the excellence program, you get an additional 2 months of rent while the unit is vacant.

There are coffee shops and arts warehouses and all kinds of cutesy stores popping up.