My insurance paid for all of it (well, all that ended up on MY side of the property). 

(The 2% Rule says that the gross monthly rents should be 2% of the purchase price.)

The $40k number may have to do with something else!

Let the sellers come to you.

Congrats Subbing work out in the high desert aint for the faint of heart.  

Our first goal is to have her income covered in about 5 years so she can free up her time.

I recently bought two contiguous lots in Dyberry township with the intention of flipping them. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

-STANDARD SALE- 7,000 sqft lot just south of Ventura blvd in prime Sherman Oaks is ideal for development or remodel and add sqft The charming home is within close walking distance to some of the best restaurants this area has to offer.

We ended up filing a claim with our insurance.