If you are using hard money you need to budget for the points and fees as well as traditional third party closing fees.Repairs: The money it is going to take you to rehab the property plus an extra 10% of estimated repair costs to account for unexpected repairs.Holdings Costs: Here is where a lot of investors get tripped up.

Everything was fine for 6 months, until he took an unauthorized trip home in his company vehicle. 

Hi All - For those of you commuting by bus to PAB, what are your times like in the morning/after work?

I'm really intrigued by tax planning for this property -- specifically if/how I could plan my visits to this property and write-off those trip costs.   1) I'd be a partial owner (and passive, largely); curious if that would impair my ability to write off trip costs in any way?

And it just gives me more excuse to do more research trips to Florida!

Scale yourself to ten rentals quickly and then make a trip every year to check them.

Thinking of taking a trip out there but it would mean investing out of state and relying on property management.

My wife and I leave Tuesday for Colorado, my big birthday trip for the year!  

Also take a trip out there.

I allow them to pay with check as well, but I charge an additional $10 fee for the extra time gathering it and taking a trip to the bank.