Vacancy is costly and while there is no way to guarantee one tenant is going to stay longer than another, talking to people and learning a little about their life and situation should give you some clues as to how long they might stay in your place.The probability of you getting a home-run tenant right off the bat is pretty low. 

I would like to express my gratitude to Jack and Russel, who have been gracious with their time and provided valuable guidance related to the DC Metro area.My Strategy:- Invest in rental properties below $400K with a Cash on Cash return of over 6% and an ROI of 7%- Consider flipping opportunities for properties costing more than $500K with an ROI of 7% or higher- Prefer to stay in the DC metro area but i understand that its a tough market for investors.

The cost of the course delivers the best value that I've seen so far.

You will eventually have a house earning $1,000 a month or even $1,500 a month and the property value will be $200,000 more than you bought it for.Instead of incurring more costs by selling and then buying a new property, focus on keeping this one forever and saving up for the next purchase.

@Peter Woerner the last refi I did was a no closing cost loan.

Have you owned horses and understand the liabilities and costs?

There is a common belief that recapture taxes diminish the value of performing a cost segregation study.

There are some new hits that were recently announced from Fannie Mae for the LLPAs (loan level price adjustments) that will increase the cost/rates for second home financing.

Also, some of you mentioned that saving hot water is a more effective way to go.

While considering doing a 1031 exchange into a Delaware Statutory Trust (DST), I read that upfront costs for a DST can range from 10% to 18% of the invested equity.