All of the behind-the-scenes formulas I got from this recent blog post.Based on what you see here, does it look like I am missing anything? 

If I set a goal of 5 properties in 5 years, I'm setting the bar too low.

I have owned to name a few, A Bar, a Social club, and now a Landscaping business, which I started with nothing and have built up to be a very good performing part of my and my families life.

To be safe on an older one, where you may hire out work, and when estimating for a purchase, I would go more like 10% (there is also a Rental Property Calculator on the tool bar above FYI that is pretty snazzy and I think you get one freebie on it)...Also, one cost that is becoming very clear to me (and one I suggest all newbies studies) is the old hobgoblin of capital expenses (CapEx) and how you want to set aside reserves for the replacement of major items on the property (like the roof you mention) that hit the end of their useful life...

Could be a game changer for me.Rich if you want to come up to Phoenxville we are having a meetup on Wednesday at the Fenix Bar right downtown.

Thanks @Dan Barli!

They are meeting at Three 20 Three Wine Bar at 12810 Telge Rd #101 between 6:30-8:30.

Source: NC Bar.

I'm not licensed in or familiar with GA (yet), but I do know GA is very similar to FL.Here in Florida, you would be acting as an unlicensed Real Estate Agent, and that can put you in the grey bar motel.If you own the property, you can sell it yourself.

I don't collect late fees, can't be bothered with them, and I've never had a full eviction.For some strange reason that I've yet to fathom, any of our tenants who have had problems talk to us first about being late and ask to stage rent over a month, which they all follow through.In the past, we've found that if a tenant is avoiding you, then late fees or not, they are moving on fairly soon.I'm not going to the be the bar steward on the phone when a tenant says "I've had a really bad month, <insert reason>" and for me to reply "hey, let me make it worse and profit off your misery".