I have about ~40K equity in the rental and owe about $157K on the loan, but the monthly rental income only covers the mortgage payment + insurance + taxes + an additional $75 a month, which I put aside for repairs and anything that may come up.  

No thank you very much, I hope to spend a bit more time with my kids, plus see 1.I will readily admit that when I went in to this I was looking at how to eliminate or minimize my having to pay for utilities.

Hi friends,  purchased my first rental in may this year, got it rented in mid June, signed a 12 month contract with tenant, about a week ago tenant sent me an 'official' email that there is a mice/rat problem, although there were cheaper options I went with professionals who were charging me 7-8x only because this is a long term investment and I wanted to get it solved, the pest professionals sealed the attic and set traps, they followed by couple of times to remove traps and refill bait boxes, my tenant now sent me lease termination letter citing health concerns due to mice/rat problem, they paid for current sept month and said that I can keep half the deposit for Oct.What should I do here, they have three small kids so I understand the reason for concern but I am also doing my best to solve the issue, should I go ahead and accept their termination or should I fight it out, not sure if involving lawyer is good as I am trying to make some cash flow and not lose it.. please advice also I am from Texas and would love to hear about TX law on this.

Erica,If you are interested in this property, in addition to reaching out to condo investors for advise, you should be sure to also do “proper” due diligence.

Good afternoon fellow investors,My name is Mike i am a local Buy and hold investor looking to aquire 1-2 additional properties in the next 12 months. below is the criteria of the type of properties i am searching for.- 5-20 unit multi-family apartment buildings- C- to B class areas (no war zones)-  off street parking-  distressed or turn key- all of RI and Eastern MAPlease contact me anytimeI also look to network with other local investors and enjoy bringing value to others.

Additionally, I am looking for a lender who will consider income streams under 2 years old. 

If I want to manage other brokers (have the hang their license at my company) I have to take an additional 30 hours of education.

are you kidding me?"  

Additional expenses include: $600 yearly insurance, $30 HOA, and $100 monthly management fees.

Additional expenses include: $600 yearly insurance, $30 HOA, and $100 monthly management fees.