Perhaps open a HELOC and keep $10-20k in reserve for that one month when a water heater blows up and you need a roof repair. 

It has been often suggested here and elsewhere to pursue something that keeps a toe in the water of the working world, as it limits the downside risks, and could turn into a fruitful enterprise for post-retirement.At the request of a friend and BP associate, I've been asked to provide expert opinion and electrical analysis on residential properties that are either on the market, or recently sold through his brokerage, as there are many customers who want a deeper look at their electrical system, deeper than what a typical home inspector will do, but they are not ready to ask a contractor to come out and simply give a blank check to 'fix whatever's wrong' (famous last words).

I was shown two water tanks that were installed in outside sheds (with no insulation), with just a little electric heater running to keep it barely from freezing. 

You should only be paying water, sewer, and garbage. 

Dave Ramsey and real estate investor are usually like oil and water.

If you create a site to just collect information, then you need a system for collecting payment of the screening fee and you have to transfer the data to whatever screening system you are using.

We’ve done everything from rim joist, main water lines, all new plumbing.

HOA includes water, insurance and maintenance.i have interested tenants ready for a 3 year lease lock in.The rent in the area is up to 2100-2200the seller is asking for 299000, i plan on offering 225k; i did the analysis on the basis that the property may be worth the seller's asking price. 

We’ve done everything from rim joist, main water lines, all new plumbing.

Many REO's have an online system to submit offers that go directly to the asset manager making the decision, and the REO agent, is acting as more of a property manager.