If you talk to your local lenders (smaller/regional banks or credit unions) about portfolio lending (sometimes called blanket lending), you may be able to finance the entire portfolio with a single note (registered against the title of all properties).  

@Andrew Hughes For me it's not an issue but my experience has taught me that property management fees can be regionalized.  

Hello BP, I keep hearing from books and others that you want to master the city/region where you will be investing.

Obviously, that varies depending on the region you live and invest in.Buy and hold is a 10 to 15 to 30 year outlook. 

Hi there Alex, I'm a real estate agent in Kitchener/Waterloo region, I can help with a search for you towards properties that may interest you , once you go to a mortgage broker to see what you qualify for , i look forward to hearing from you and I'll guide you along the way in this journey.I'm also an investor and this is exciting time for you to get started.

Within those regions, there are many different neighborhoods and within the neighborhoods, things really can change street by street.St.

So you need to get all of the expenses on the property i.e. water, taxes, lawn care/snow removal(depending on the region), insurance, cap ex, vacancy, maintenance, property management etc....

It's still subject to the local authority following up on whatever criteria works in their region and may be outdated.This is a "boots on the ground" or "driving for dollars scenario.

While it looks like you are already doing reasonably well in this area compared to most who live in the region, a move to a place that does not depend so heavily on auto transportation might be merited.

I am currently in the Air Force, but am pursuing a career in Civil Engineering and intend to be transitioning to civilian employment in about a year's time in the North Central PA region.