@Ben Leybovich should chime in shortly about 30k pigs...I personally own some inexpensive apartments, and the expenses are most definitely not 5% of gross revenue!

I know im paying a premium but its offset by my wage for now.

Even that may result in a reoccurrence as fleas can probably migrate that short distance or possibly find a way through the walls.

Congrats it sounds like you're off to a great start in a short period.Where are you finding all these deals and how are you funding them?

I found a short sale town house here in Tampa that I am looking into.

I wouldnt let the possibility of a short term vacancy affect my investment decision to buy a property Im likely to own for a decade or more.  

I am looking to buy and hold a single family home via either short term or long term rentals. 

Read "Rich Dad Poor Dad" right out of high school and bought my first place shortly after while still living with my mom and going to college.

Short and sweet, I can do!

Say a $50,000 heloc will be assumed one day to have a $500.00 a month payment even though today it doesn't since its interest only and at a lower rate than say a year from now when it rises each time the Fed Reserve raises their short term rate.