I’m interested in investing in more real estate to have long term and short term rentals for passive income.

If you bought 5 properties with $300,0000, they all need to be throwing off a total combine of 20% return to get that $5,000 (as the example above shows), to get that expense coverage for your ability to leave your job. 

Would love to connect with you and hear more about your current investment and what you are thinking in terms of your next one!

Then I explain my process in brief and simple terms: background check, lease agreement, collect deposits and ask if they'd like to proceed.

Dispose of all foodsources, for long term storage.

I initially planned to invest in Lancaster but was priced out and needed cashflow in the short term...What are your concerns?

Of course, it ultimately depends on your available funds, short/long-term goals, etc. 

@Eric Gerakos this may be a silly question, but how do you deny partial payment... the tenant has been paying by Venmo/Cashapp (which may be a problem in itself) or are you just saying in terms of setting expectations with the tenant.

@Angela A. rentals are a long-term game, despite what everyone thinks.Why don't you look into rental rates and work backwards, to determine the max PITI payment those rental rates will support, and then calculate the max mortgage amount?

With a focus on quality properties and favorable terms, I aim to build a strong portfolio and maximize returns in this thriving market.