I am curious to know from the BP members at what level of leverage on your real estate investments do you feel that you can sleep at night peacefully?

You enjoy the advantages of residential owner occupied financing, and you'll quickly learn property management skills managing 3 rental units.

But investing as a business takes just as much skill and know-how.

Different level of finishes3.

We have found that putting an eyelet for the discharge hose into the drain line keeps the discharge hose from coming halfway out the drain line from the pressure and prevents leaks.If your washer is on the upper floors and not ground level it is a good idea to have a drain pan or a drain in the floor that is tied into the drain pipe for the discharge hose.Some tenants have older washers and when they go out the water is known to go everywhere.

What level of improvements would trigger this?

The PM also has a good feel typically for the level of rehab that is appropriate to bring the property to an optimal state of rental readiness.

Target your planned time (36 months) to be at a specific equity level by paying your principal down.

So it has to be more than a coincidence that all the winning Bidder Numbers were sequential, and they all happen to bid 6%, and they all happen to have six bids each.The reason I think bidder 11411 is associated with the sequential bidder numbers is that 11411 also bid at the 6% level with 6 bids.There is nothing illegal going on.

You plan to oversee the PM intensely for the first few projects to ensure things are done the way you want them to be.If you can do those things, hiring a PM is not a bad idea, but given that this person replaces you (to a large degree) in the project means there is a lot of risk if the person can't be trusted or doesn't have the skills necessary to do the job.As for going rates, it's whatever you negotiate.