Furthermore those who fractionalize their vacation homes continually enjoy the benefits of home ownership while reducing their annual costs by as much as 90%.

How did the water not get stopped, how did the drain not continue draining?

I believe that if you do your math using 30% for expenses, and you're just on the edge for cash flow, that you'll end up having to continue to put cash into the property over time.

If we ignore this and continue on the path were on, we are going to be sorry!

Many of these owners were really speculators, betting on continued appreciation.

Since you are paying a monthly service fee, they are somewhat forced to add features and continually improve their service in order to retain their clientele. 2.

I hope that bigger pockets can be a great resource for me to continue learning and that my everyday experiences and exposure to a variety of markets means I can give a lot back to bigger pockets as well.

Signing up for the courses and taking them is my way of getting into this for real.Also, I see that one of the courses you can elect to take after you have taken some intro classes is a paid, supervised internship course where you work with local real estate people (either at an office, with loan documents etc)...so that would provide me with good contacts.I am going to continue saving money and enrollment for those classes being next month.

I tried using one PM company that talked up a golden story to get my business, then did nothing once they had a check from me.Until I know how to find a good PM, I'll continue to self manage.

Speculative excesses and growing inequality, he wrote, always destroy the foundation for a continued prosperity.