I would take a slightly lower return for a more passive investment.  3) the amount of riskI could take the money you would use to pay down your mortgage and place it in something very passive and somewhat low risk such as the S&P 500 long term (14 years is long term) and achieve far greater return (historically probably double) than what you will save by paying down a conventional home loan. 

There are lots of baltimore area members here to help you achieve it.

Please make sure you are doing you due diligence before you hire anyone here. 3) You can use software like buildium, appfolio etc for property management and some other online services that allow for credit checks etc.

Services Borrower Did Not Shop For $54,875.00 $35.00 01Credit Report Fee to Investor Lending USA $50,335.00 02 Escrow for Construction to Investor Lending USA $10.00 03Flood Cert Fee to Investor Lending USA $3,500.00 04Lender Fee to Investor Lending USA $995.00 05 Processing Fee to Investor Lending USA C.

I have dreams of owning rental properties and wish to learn lots about achieving this dream.

If you don't then they may not be willing to commit to you, and you won't get the right service. 

@Cherrell Thomas cash flow is the profit that's left after debt service, property taxes, property management, common utilities (if any), reserves for repairs (small things like leaky faucets, AC servicing, etc), and capital expenditures or capEx (larger things like a new roof,new HVAC, major plumbing overhaul...these are treated differently on taxes, written off over a specified longer period) and other expenses.The first item I mentioned, debt service, is where the answer to your question is.

In most area's water is a required service that landlord's have to provide for tenants.

I'd love to set up a conference call with you and our team to assess your goals and put together a strategic plan to achieve them.

It would be best if he calls the city and asks them to turn it in (although it is already on) in order to establish service for 2 reasons: (1) He's going to need to have the water on for the when the property gets inspected (banks won't loan unless everything is proven to be working) and (2) Right now the city could charge him with theft of water by turning the water back on himself (well, really the contractor did it but the city does not care).