heynot sure if this is the correct sub-forum but i'l give it a go. planning on buying a property, long term rental, all cash. now, say i have around 500$ coming in to my account every month (this is in theory, after all expenses are paid and taking into account vacancy, small repairs, capex etc'). current plan is buy a property every once a while (at least every 2 years, could be less once mortgages will be an option for me, non us citizen starting to invest here. talking about properties in the range of 60-80k). letting the money sit in the account until i buy my next property does not seem optimal to me, but on the other hand investing it in the stock market or something like that does not sound good either because i will need that money in a short period. perhaps i'm overthinking it but i'm trying to see i'm leaving any money on the floor so to speak :)what do people around here do? 

There is no pre-approval or verification by the IRS is required.

Equity being built up while you are making your mortgage payments and the pool payments, and when the pool payments are done, you can either roll that into that house to further pay it down to have it paid off by the time your son goes to college. 

It’s much harder to go back to learning when you’re 30 and expect to be paid $50/hr than when you’re 18 and thrilled for a deal.

Both charge a small fee that's paid by the customer.

I consulted my lawyer and he advised to stay out of their personal issues unless rent is not being paid. 

I'm planning to do mailers to pre-foreclosures.   

It was still an investment; but paid off very quickly with improved interest and ratings.

New energy efficient a/c and heat pump (paid cash).

In the event late fee is not paid any amount owing shall be deducted first from any rental payment received.