Normally, you would have a local property management to take care of their needs who would also collect the rent, take their cut, and send you the rest.

When a tenant asks about fixing a gap in the fence, replacing flooring, or whatever, I can point them back to this clause and it cuts them off:MOVE-IN CONDITION.

.), cut out the porcelain-on-cast-iron bowl out with a grinder equipped with a diamond turbo blade, and then carefully keep cutting small pieces until you get the bowl down to the granite.

If you have someone cutting grass once per week at $25/cut, that is almost all of your maintenance budget each month.

Will lenders keep giving me loans as long my debt to income ratio is favorable or will I be cut-off at some point because I am too leveraged?  

Con: Money tied up in property for 2 years.Option 3- Combination of option 1 and 2- Fix up property and increase rents.

I think you're right in that you want to get it tied up. 

The install itself is not hard but you need to cut freon line and install which requires someone licensed.

My standard answer to what I'm doing on the weekend is that I'll be in my recliner, alone, watching whatever's on and putting away a fifth of Cutty.

hopefully because the road frontage makes that possible without us financing an interior road.We explain if you buy a pie from the store and cut it into pieces and sell the pieces at a restaurant, you are likely to make a profit.