On the other hand appreciation generated over 5 years is washed away during economic down turns and any unexpected expenses during this time can require sale at a loss.

Then you can refinance the 2nd property after 6 months and pay off the HELOC and HML, then rinse wash repeat on the 3rd,4th,5th properties.

Change your cloths before you enter your home, wash up - take a shower - have a drink.There now ------ a job well done!

@Aleksander Dabrowski As you move forward a word to the wise depending on what configuration of rentals you end up with put in a ban on portable washing machines and dishwashers on all floors that have a floor underneath them.

Those people wont work harder than their peers, they will probably actually pass on email that comes through hoping someone else takes care it for them so they can continue watching YouTube while their boss isn't looking.One more thing, I had 22 year old working at the printing business last year... not a dumb guy, also dropped out of college and wanted to do something his own way, but there was a problem and that problem was he had no motivation.  

(No disrespect, just a fact)3) It's a hyper cyclical sector where downturns wash away all the noobies-over-leveraged-folks so without capital your only comparative advantage will be work ethics and built up experience: college and internships will bring you that.

You also want to have the huge washing machines 80lb and up so people can wash multiple loads at once or they can wash their comforters.

The pic below is after I tore up the top layer and did a quick wash with bleach and water on the bottom.

He then proceeded to tell me about how awful being a landlord was. He

It's a wash, with the only thing certain being greater and greater legal fees (but there are no "landlord's rights" pro bono legal assistance firms, at least not in my area).Kind of like how a real estate agent chasing a listing is always going to say it's a good time to sell, or kind of like how one of me always finds a solution to the real estate problem at hand that involves originating a mortgage, etc etc.