Some investors tend to error on the side of caution more than others.

I've already learned a lot from the podcasts, forums, and articles.I became an accidental landlord in 2010 and most of my learning came from YouTube, free Home Depot clinics, and a lot of trial and error.

The more room for error you have the better. 

I anticipate that creating automated (or at least predetermined) systems to deal with foreseeable events (through education and trial and error) will be paramount to our keeping our REI from becoming too time consuming. 

This will be a story you will tell numerous times and be able to look back and laugh at it.

., even though I gave you a vote for your post above, I don't REALLY like your idea of focusing on your CoC on just 15% down - because that means you're responsible for an EIGHTY FIVE percent leverage, with basically no margin for error if and when there's a hiccup in the market.

There are a numerous great resources here on the site that I would take full advantage of.

In all my reading on BP and numerous books on REI - I've never heard of this approach being used.

I've had numerous tenants rush in, not even check the room sizes, and say, "Oh yeah, this'll work for my family of 7" (2br apt).

By the way I have taken paid training courses from numerous note investing educators.