Regarding PITI funds, I would probably want more than 6 months earmarked depending on the condition and age of the property.  

We managed to pay off the loan by 2005.We bought our second rental in 2005, after taking out another equity loan on our primary, and again - - paid our "normal" mortgage payment, applied the rental from rental house number one towards the equity loan, made the normal equity loan payment and applied the monthly rent from rental number two towards the equity loan.In 2006, we bought yet another rental - using an equity loan on rental property two.That loan we threw the monthly rental money of the unit at.In 2008, we had paid off the note on rental number two and began throwing more money at the loan for rental three.In 2009, we bought rental number four and paid off the loan on rental number three later that year.In August of 2011, I retired from my job as a computer network engineer/database administrator at the age of 59 1/2, and began to withdraw money from my IRA & 401, using the losses on the rentals to offset the taxes on the IRA & 401 distributions.I had to use trial and error to guess how much to withdraw & be on the safe side as far as taxes go. $40K per year is roughly the "sweet spot" for that if you have 4 rental properties in the state of Ohio.

Im young myself but I hope people my age don't get the idea that it's okay to blow all your money at the club and not be able to pay rent.

The would give you an idea on the condition and age of the Boiler System for the baseboard heat.

In this day and age, most people prefer it.

Who will insure will depend on location and age of the building.Premium policy holders get placed into groups but they only accept nicer areas and newer properties.

So the next year, at the naive age of 23, I purchased a foreclosed townhouse in Great Mills, MD and started fixing it up.  

Hi Zach,I'm in the same boat as you, both in age and goals.

I am a 21 year old who is experiencing what many of you have/are experiencing at my age: being broke and having a desire to achieve a successful lifestyle, but not really knowing how to get there.

It really depends on a number of variables including age of the home, location, prior claims history, etc.