Locally if late fees got to be around 10% of the rent amount for that month my attorney recommended stopping there, as a judge might not look favorably on that (excessive late fees).

I would keep a rainy day fund no matter what and use whatever excess cash from that point on to continue to purchase property. 4.

MGL c.186 § 15B(1)(b) states that “at or prior to the commencement of any tenancy, no lessor may require a tenant or prospective tenant to pay any amount in excess of the following: (i) rent for the first full month of occupancy; and, (ii) rent for the last full month of occupancy calculated at the same rate as the first month; and, (iii) a security deposit equal to the first month’s rent provided that such security deposit is deposited as required by subsection (3) and that the tenant is given the statement of condition as required by subsection (2); and, (iv) the purchase and installation cost for a key and lock."

The tank is only designed to hold solids and then the excess liquid is continually being cycled through and out of the tank as you add more water.

Therefore, I'll give you my thoughts which, of course, are based on my beliefs.Given the price point you're talking about plus your cash savings plus your excess monthly cash flow, I would consider investing now versus waiting. 

Sorry sweetheart you can't vacuum and blow dry your hair at the same time.

We anticipate covering the mortgage and taxes and coming out even or with no more than $200 per month in excess earned.

Not cut and dry advice- It's obviously personal preference.

I suppose a more pointed question is whether or not it is possible to attain this goal by purchasing a run-of-the-mill turnkey property at retail, every year for 10 years, in a stable market like Indy and applying all excess cash flow to principal reduction.  

actually wood frame structures never go bad as long as they have stayed dry.