The caveat is that I am very good at organizing and very good at working without supervision or structure other than that I create. 

With that goal in mind, I was trying to pursue the path of starting a brand, creating an app, or founding a business, but after hearing about BiggerPockets my mindset has shifted. 

Additionally, these factors create more inefficiency in the market which leads to greater opportunities to find value.  

We create a preliminary estimate.  

Great answer above and I will simply reiterate that utilizing leverage at low rates to invest in other cash producing assets creates arbitrage and so long as you use the leverage responsibly and you do not over extend, I think it is a great idea.

So these expenses would look like this per month.Maintenance = $147.50Vacancy = $147.50Capital Expenditures = $147.50Total = $442.50Adding Fixed Expenses and 10% in each of these categories creates a total of $1,124.34.

Since it’s impossible to create a true cost per side, I just waited for renewal time and made adjustments based on fair market rents. 

This question is for long-time Cozy users, or anyone who has had one or more leases renew using Cozy.When you have a lease renew and you are re-signing the same tenant for another term, do you find it is most helpful to just change the expiration date in Cozy on the current lease, or do you create an entirely new lease with a new start and end date?

I need to create a second income and passively seems like it would work for me.

Create a well oiled system every month to monitor the above things and you will be just fine.