I have basically been nervous to get into it since i have my own home, Comfy job, And a wife but after reading a lot of other peoples stories I think it is time to Jump into it and really start looking into finding an investor.

. - cashflow - 2 houses rented, overall cashflowing $1500 extra per month (2 mortgage and expenses all paid from it)- debt: 19k student loan at 6.5%, car loan 25k at 2%, 2 mortgages 108k at 3.5% and 314k at 4.5%. 15k credit card debt at...19%Basically has 15-20k cash atm and 5k coming in monthly, so could either wait, pay off all debt or buy another property.Big on Jersey City, and potentially looking at areas like Palm springs / Miami for a vacation/investment property.

i think if investors BEFORE they bought properties that require  medium to heavy managment they should definetly sort out their style of management and sourcefrom what i reading is people are basically tired of bad tenants and other minor thing such as up keep.but if u did a bit of footwork and got yourself some good solid tenants that are trustworthy and would treat your property nice i dont see a problem.. having a residental rent collector and your good tenants and your own contracted mainence is pretty much it..good footwork is always valuable all the time ..people need rental homes just as much as people need owned homes

@Ron Fletcher like I said before I drive my own truck and that doesn’t leave much time for reading but I have listened to several podcast and webinars I’ve learned a great deal but im not quite sure if my numbers are correct I’ve found a couple deals but I’m not sure if I’m doing things correctly I’ve ran numbers on at least 15 homes and duplex’s and 5 good deals I’ve felt would be good investments both short and long term for my market my next goal would be a hard loan I haven’t had the time comfortably learn about hard loans and loans in general give me a few days 18 hrs in a truck leaves a long time for audio books and pod cast rich dad poor dad changed my preception ofMy life and money i look forward to listening to richest man in Babylon

Brian,I don't use a software, but basically you would show it as a tenant recapture income that is going to match the common area expense (or almost if there are some items being pro-rated over time).Lauren

I don't work and am not licensed in New Jersey and obviously haven't reviewed the documents, and am not an attorney but will give you a basic opinion based on how this is handled.

I am in the beginning stages of just trying to use the resources here to figure out what neighborhoods make sense in the most basic of terms.

I didn't begrudge folks who were in a better financial position than me for driving up RE costs.

I'm talking about the most basic stuff.

Even the properties where there is no interior access I would at least do a drive-by, and if vacant peer into the windows to at least get an idea of what your dealing with.