In the grand scheme of things, not a huge deal. 

I would buy a cheapo foreclosure in the 70s and flip it and make a few grand.. thought this is cool.So for me personally I had no conscience thought of I want to quit my day job it was my day job.. it just became my lifestyle.. so I don't have the same thought process of many since I have never ever worked for anyone but myself always been and independent contractor or owned my own business.Just worked what was hot when it was hot.. it was 2001 when I discovered the mid west rental game.. and I built up a pretty large ( for the day HML company specializing in A and D loans for turn key providers.. this led me to do business in about 15 markets and get a rather unique perspective of most of the US markets were rental game is the thing to do..

They meet the first Wed of each month at the Signature Grand in Davie.

A couple grand if I remember.

In Grand Rapids, you can find a single family for under 100,000 that will rent in the $1,500 price range. 

Never mind I'm using a lawyer I've hired for much less, so I'm pocketing a few grand on this part of the deal, too.

Have you ever had a tenant for 20 years, that has an old parent or grand parent that visits, be knocked over by an unruly unleashed dog, and then sue the landlord?

It is on the Hudson River and has Metro North trains into Grand Central station in Manhattan it is a 45 minute train ride.

I assume you always want 3 months (per mortgage) to cover vacancies and about 3 grand per home for repairs.

What is customary in your area, sometimes a note will do it, sometime a hundred bucks, often a grand and in somplaces they may want a % of the sale price offered.