This is a typical "seasoning period" required by most lenders.Repairs and CapEx will probably be closer to 15% of GSR all in.You're not accounting for insurance.What about water/sewer or shared utilities?

Our first thought is the save $ to buy a new home with a warranty and rent a town home (by the water which we love) during the waiting period.

He started investing in 2016 and is now retired...all during a time period where we answered hundreds of posts just like this one asking if it was too late in the cycle to start.

I thought redfin made this strategy very efficient because now I don't feel guilty for going behind an agents back to try working out a deal with the listing agent :)

The Landlord is responsible for repairs, period.

Wondering the following:Typical Amort period?

What is the normal payoff period?

I have not done mailers with any consistency, but when I was actively doing so periodically, what worked for me is driving for dollars.

Factors I'm aware of that might help determine the most efficient answer:-tax writeoff of interest portion of mortgage payment (most impactful during early years of mortgage) -margin of net rental income after all expenses -ability to qualify for attractive interest rates on additional mortgagesBasically I'm just trying to get the most bang for my buck.

you can get it done as long as there is a 30 seasoning period