b) Is one sufficient?

(I have taken it back 3x DILO over 10 years so the bldg owes me nothing.)I assumed ownership after the 'auction' failed to entice any buyers, but the foreclosure amount was sufficiently Inflated with expenses etc above MV.

You must have sufficient reserves to survive in the REI business.

The point of a 3x the rent requirement is so that even if there is an emergency, the tenant will still have sufficient funds to make rent.

The home should be fully rehabbed. 2) Have sufficient reserves. 3) Vet the property managers.

With sufficient due diligence and careful projections based on booking history for similar properties, there are always opportunities.

You obviously know your stuff and lend them legitimately by debating them with their desultory and incoherent talking points.I'm pretty sure these guys lost their capital investing in Beanie Babies in the 90's and have yet to recover from that financial hit.Stevie, it's a shame that the quality of your posts isn't better considering the low quantity.

Thank you all in advance, and for bearing with my newbness, i'm sure some of these questions are answered somewhere here, and I will continue reading, but the sheer quantity of information is a bit overwhelming.

Or are you just referring to maint expences early on when my reserves haven't been built up sufficiently yet?

Ha, ha, yes, I measure everything in quantities of either a down payment or a months worth of cash flow from a unit.