Vacancy can vary, but if you work with a good property manager, you shouldn't have your property vacant longer than 60 days out of the year. 

For bills and other expenses I charge them all to a credit card that has good reward points. 

It even appears she had you offer less to begin with -- you said seller countered 20K higher, and then you agreed to counter vs lose yet another home.

No debt other than mortgages.

So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.

It’s full of idiots who have nothing better to do all day than troll the Mortgage Grapevine, and they obviously aren’t making any loans!

He is paying a rate higher than a bank but lower than hard money and he can refinance after his equity has increased. 

Bob is right that you can get better cash flow on the east side, but I still see deals pop up over there from time to time and I don't see any rapid depreciation in those neighborhoods coming any time soon and I think if your strategy is to buy and hold in nicer areas with less risk, it's a very good area to target.

@Chiane Martin the biggest challenge to doing Boarding Houses successfully is investing the required extra time.LTR - take the least amount of time, but time required increases as you go from Class A, to B, to C, to D.MTR - take more time than LTRSTR - take more time than MTRBoarding House - can take an insane amount of time to manage!

Is maintenance on a “solid” house cheaper than expensive HOA fees?