Mildew is just from air not circulating or mild moisture problems etc. and can be cleaned up rather easily.

This seems excessive but thoughts are welcomeThanks in advance.

I have seen regular pizza joint purchases, movies or eating out, all fine but when such are excessive for the income that can indicate poor money management, especially when there is a lack of savings and balances run thin at the end of the month.If I see checks every week to some church, guess what that probably means.....How people take care of and use thier money can tell you more about them than anything they might tell you!

Should a major expense, a la a roof arise, the management company could invoice the holding company for costs in excess of income and the holding company could transfer funds, write a check, whatever makes sense.

.); the bathroom had moisture damage and mold all over the ceiling and around the shower due to poor ventilation.

Then I build it back up to $5500.Any excess goes to down payments on my next purchase.

There are still issues here, common law marriages, estate issues, heirs, as a lender/note holder you may be able to clear these issues with foreclosure if the folks don't fight you on it, but you'd be selling and excess amounts would go to the estate, who could give a deed with that mess?

However while you didn't have to find the lead you still have to do all the work of evaluating, negotiating and contracting the place while needing to incorporate an excessive finders fee.

If we make the low end of that ($200K), we'll be able to pay the ~$3000/month loan repayment, pay whatever our expenses for the month will be, and should have some income left over.For that excess income, would it be smarter for us to save it for potential RE investing, or add it towards our student loan repayment?

Does it make more sense for me to pay cash for a property and pay in full or should I be looking to buy as many properties as I can for the 40k and leverage loans to pay the excess amounts.exampleSFR @ $40k - put 10-15k down and finance the rest through HML or personal loan - cash flow @ 200 / monthmultifam @ 120k - put 20-30 down and finance the rest through HML or commercial loans- cash flow @ 100-200 / monthThat would be three doors of cash flow and I would be out 40k in my cash.