Had properties with depreciation of 15 years accelerated under Reagan, then 27.5 years after that, so I had properties with depreciation accounts of various lengths over the years.In recent years, on one occasion told me I can charge off items that I was thought I could depreciate, and several years ago, installed new AC's and he charged off 50% the 1st year and the rest over 5 years.

You have the rest of your life ahead of you.  

Just open a line for emergency funds.If you want to stay more conservative then don't touch a few properties that cash flow well and blanket mortgage the rest.

So, you're going to spend 500 per month on direct mail over a 7 month period.Take 300 and go buy you some bandit signs.You can save the rest.

So, since the line of credit will only be used to make the down payment, I will be looking to finance the rest to complete the purchase of the rental property.

It's a percentage of how much CASH you got back related to how much CASH you put in.If I buy a property worth $100,000, for $80,000, with 20% down ($16,000) and I finance the rest ($60,000), I'm putting $16,000 in CASH in.If within the first year, with the same house, I get $300/month NCF back, or $3600 in that first year, my CCR is $3600/$16,000 = 22.5%.If, added to this, I rent a parking space for $25/month, and I have no expenses to offset this CASH income, my CASH income is now $3900/month...so my CCR is:$3900/$16,000 = 24.375%.If, during the year I have to pay cash for a furnace ($1000), my CASH income in that 1st year is now $2900, so the CCR is:  $2900/$16000 = 18.125%If, I paid the full AP of $80,000 in CASH, got the $3600/yr in NCF, and I refinanced and got all of my CASH I used to buy the property back, my CASH coming back would be $83,600 so my CCR would be:  $83,600/$80,000 = 104.5%...as in I got all of my money back, plus an additional 4.5%

They shot at him as he was leaving with a .22, the bullet went through two rows of head rests and got stuck in his head rest, thank god for third row seating....my brother has never gone to another property to evict, he pays the police $75 to serve the notice.

If that is the case here, I hope whoever it is returns from holiday well rested :)Thanks @Amanda Young 

I update the fuse box to circuit in this case 100 amp service (in midwest) quotes from 1300 to 1500. so that will get you a new circuit box but you are left when two wire throughout the house (hot and a natural) so you still can't put in 3 prongs in (against code).options: 1 rewire house (ouch costly) only an option for me if I had tear down to studs for rehab 2. replace every outlet in the house with GFCI (costly at 11 buck an outlet) but remember kitchen and bath need them by code. so depending on how big a place maybe an option. my property is 3/1 to costly 3. when replacing the box add GFCI circuit breakers this will allow you to change the 2 prong to 3 prong outlets. breakers are a bit more expensive but less work than rewiring and protects down the line from shock. worst thing you have to remind you tenants that the rest is at the circuit panel. 

If you have those couple of pieces in place, the rest will come as a result of the other members of the team.