@Federico Gutierrez cool!

Instead, use it as a way to make money and educate yourself in the space during a hot market, then transition back to an investor when things cool off.Other options would be to flip SFRs or go work with/for a developer... this would be a good way to get yourself on the path to becoming a developer yourself someday. 

Decide all that stuff now while you have cool heads, if you don't and then try to do it when tempers or emotions are high, well it will not be nice.

The boat slips are rented seasonally, paid up front, and currently generates $2,000/month (when averaged over the year).Total monthly income: $11,250 ($135,000/year)Expenses run very low, from what we can tell, listed annual expense:RE Taxes :12,000Insurance: $6,500Water + Common Electric: $3,000 (heat and hot water is paid by tenant)Maintenance + Repairs: $2,000Management: $10,000If we do 40% down ($700,000) and finance $1,050,000 @ 4% over 15 years: $93,300.Add for vacancy, misc, etc...  

He's a hell of a lot smarter than me and gets into some cool technical stuff in addition to keeping it basic.Cheers!

@Donald Crockett, research trenchles line replacement, pipe bursting, pipe lining... modern day processes are pretty cool and much less invasive.

I decided to just book an inspection since I needed to get some pics of a water heater I need to replace (with the one tenant that has not been visited recently).

A high-limit thermostat will let the dryer run again once everything cools back down. 

Or is a separate CRM/excel document what the cool kids are doing?

Utility Expense includes electric to common areas and water to the 4-unit.