I usually use 15% of rent per month.I have an excel spread sheet that I could send to you if you'd like.

The next one is in July, but start following him on social media now because he may be speaking in your area sometime before then.

You don't want to spread yourself too thin.

I'm under the assumption that i should just stash it all in an account until its needed and keep track of is on a spread sheet or something ...idk, so if anyone can help me that would be appreciated. 

Simply the cost to maintain a spread out portfolio of lots of small properties isn't very efficient.

@Jim Goebel you need to determine what index your rate is based on and what is your margin or spread.For example, my commercial loan is based on the 5 year swap rate which was 2.32+ and a margin/spread of 2.83 which when added together gives you the final rate of 5.15.Other things to consider are what your amortization will be, typically 20 or 25 years, when your loan will balloon, 5,7,10 years, and whether you have a prepay.

Heaven forbid I that I came to a social media community of real estate investors with a mindset that'd I'd be able to network; foolish me.Since i'm not allowed to build partnerships with other start up investors in my local community, I'll say I'm here to make "friends". 

Real Estate is first a local business, and the idea of spreading out into all these states without having real boots on the ground is to me always suspect. 

Another tip is to check social media--you would be, well maybe not, surprised what some idiots will put on their Facebook page.Also, as Ronny Reagan said about the Russians, "trust but verify." 

It will be hard to find a spread like that in the more popular areas.