Thanks for the heads up, @Garrett Minter

Then rounds everyone up and heads back to the ranch usually around 8pm and cooks dinner and waits for me to get home 🙃.

Oahu, Hilton Head, St Thomas, Martha’s Vineyard, another island? 

We have a young family and don't want to get in over our heads on debt should something go south (and don't want to be over leveraged if we decide to move to a new primary)40% was where we felt good about the cash flow, and can be relatively sure we wont be losing money each month even if something unexpected goes wrong, and we have it sitting in the bank from a stock sell off.

For each item that we felt was above and beyond what was immediately obvious from a walk through and would substantially affect our rehab budget, we included photos or excerpts from the inspection report, as well as an estimated cost for repair.

I am just trying to wrap my head around how I should be allocating my time and resources.

@Michael Le this is my first time going into apartments so I’m scratching my head at 5 cap and I don’t really understand how this is superior (maybe just a little bit) compared to SFH. 

Something that you put right up to your head (like a cell phone) probably puts much more radiation in your body than a tower that is 1/8 of a mile away.  

Nathaniel,Glad to hear you are jumping in head first.

Hopefully the deal had enough meat on the bone for there to be enough space for you to still be able to successfully refi when you originally planned on as long as interests rates don't make a substantial jump.