Just trying to see if I am thinking along the right lines...

Just to quote a few of my favorite lines on this subject:The rich act in spite of fear while others allow fear to stop them.Rich people do what others think about doing.Adopt wealthy ways of thinking.AND MY FAVORITE:The greatest mistake in life you can make is to continuously be afraid you will make one!

That line item alone is like a neon sign in the college want ads.

The bottom line is that tenants MUST be held accountable for the lease if you want to be successful in this business.

(thanks tenants)You love the smell of fresh paint.Every time you buy a car it has to have 4 wheel drive to get to those hard to see properties.Every morning is spent writing down recording #'s of the forclosure notices by hand.You know all the extentions on the attorney lines to get the sale date an opening bid of your local attorneys.When ever you meet some one you ask them how much they paid for there house.Your an a**hole to newbies just because you know more than they do and then you feel bad because you were there once.

I then have the seller initial each line and sign the bottom.

Of course we could "what if" this to death by listing every single scenario, but he's just talking the bottom line.

Some people still seem to think long term is 5 years down the line. :)

I’m working on getting my account to the $100,000 mark so that I can use the loan provision like my own credit line.

They must have 25% equity and cash flow.OR, if you are looking for a line of credit using the equity in your holdings as collateral, you'll need a good equity %.