Your profession means you are sitting on a huge supply of private money.

Thanks, @Joshua Jensen .I'll take you up on that.BTW, we were sitting next to each other at the last TREIA West meeting.

There are advantages and disadvantages to everything and someone who can sit down and get a fully understand of the entire situation would be the best source to advise on you that.

After sitting down and calculating known expenses, inputting unknown expenses, and income, this property will clear $3,000 per month.

High earners, usually don't want their hard earned money sitting on the sidelines, but don't really want another job.

Sure there are more free time with 2 or 3 but that really is sitting on the sideline.

It is probably a basic Dwelling Policy, which would explain the lower cost.You would probably benefit from sitting down and talking to a broker, so that you at least know the kind of coverage that is available and the rates for that coverage.

Ronald, I specialize in low income properties, and my units don't sit empty for nearly as long as others in the neighborhood.

If the later expect to miss the spring and probably at least part of the summer market.If feel that if you have $200K cash sitting around you should be able to find a better return than just over 10% profit margin taking on that much risk and busting your *** for several months.

Home number six was actually the first home my parents bought when they were married (late 1960's), it had been a rental for them for some time and required a full rehab.