If yes then it deserves a deeper look into the numbers and you can apply the more complex rules and formulas with fancy names.

I routinely see discrepancies between the listing status on the MLS and on Homepath.com.

If you have not done your first deal yet, then forget about the LLC's, forget about making fancy brochures, forget about getting a real estate license, forget about creating a logo and business cards and blah, blah blah.

I'm actively seeking out people who have the same passive money-making mindset as me to make friends with, so if any of those things tickle your fancy, holla at me!

How and when you do that is dependant on factors you control and manage based on your own risk tolerance.There is no magic formula, no right or wrong way only your way in applying basic industry standards and your own business goals.I know that all sounds like fancy talk designed to not answer your question but simply saying jack rents and ride out the consequences does not help.

Your dream house may expand in the future too because you will be making $15k to 20k a month passively and your dream house may be a 2 million dollar villa on the water instead :)  and that that point, why not buy it :)I'm living a bit below my means as well, and while it's challenging and my friends don't understand why I don't drive new fancy cars and have a big house, I know that it will pay off in the future.  

I may be spoiled in my market in Macon, Georgia, but using OPM and Calculating COC based on my down payment and CF after PITI/Vac/Rep, routinely getting numbers above 50% is expected.  

They are not factoring in an maintenance costs such as routine maintenance to HVAC, if there will be any plumbing issues throughout the year, and so on.

Something to keep an eye on.We don't routinely serve the Notice to Pay Rent or Quit.

Fancy word for "base closure".