Originally posted by @Joe Villeneuve:1 - Pay cash2 - Refinance cash out3 - Re-invest cash from cash flow on next deal4 - Live off of remaining cash flow after refinancing...rinse, and repeatditto.. our strategy for 30+ years & today everything we own is free & clear & anything we subsequently acquire is cash.

The HOA may take action against you and you may need to subsequently take action against the tenant.

I think the crash of 2008 and subsequent buying opportunity was a once in a life time event.

Or slides/youtube channel video for what you teach at the local real estate club? 

A big slide in the economy could break many investors.

The $10k will be used for the Earnest Money Deposit, and subsequent closing costs.

My experience has been that price gets reset each year to the sale price and then subsequent years are much more subjective based on local markets and permitted improvements.

My question on 2.5 months requirement will be why one let it slide to take 6 months to ask them to leave?  

If you're concerned about leaking and subsequent mold issues from a leaky roof, I'd highly recommend you get someone to inspect it.

Also note that overlays exist, to wit note that the Fannie Mae forms don't even include anything about a two year average, and specifically mention only "12 months" AND "borrower's most recent year [not yearS] of federal income tax returns" AND there is even a section for "property acquired during or subsequent to the most recent fax filing year," meaning Fannie Mae will actually go for counting rent BEFORE it's even on tax returns!