All in all, it was a great learning experience and big confidence builder.

Travel time could easily be significantly larger than time used for detection.

I felt confident moving forward with my investments using some rules of thumb such as the 2% rule and the 50% rule towards my buy & hold rentals.

I have family out that way but definetely wouldn't be excited about the travel!

It's even made me much more confident in doing other things like taking a job offer or investing in other properties cause I know at the end of the day if everything else goes wrong I'll always have that house.Yes you could have put that money into another property but now you can take the bigger profits you're getting from the rental and put that toward something else.

But once you get all the numbers right and you've confirmed it's good as a renter then you'll be confident to make offers.

Your comfort level will determine what you tell your attorney and tax advisor as well as their confidence in you acting in their responsibilities.Thanks Yes, good stuff Duncan. :)

Several years ago, I ran a travelling AAU Girls Basketball team and the only parents I had trouble collecting from was a prominent dentist in town.

I know being in a new area, and feeling confident in your pricing, etc. takes some time.

At risk of this going down a road I don't care to travel on long, I will have to disagree to some extent.