Maurice Colbert For what it's worth, many of the authors have shown up on Podcasts.

This keeps things easy as they know my expectations and trust that I will take care of them.I also use property management and have authorized them to make required repairs up to $200 without calling me.  

Join us Wednesday, January 19th from 7-9 CST in the forums for an “Ask Me Anything” with Dan Sheeks.You won’t want to miss the insights and tips from the author of “First to a Million”.

I know others that received authorizations for their kids to attend certain schools because certain programs were offered at their preferred school while those same programs were not offered at the school in zoned where they lived.

Admittedly, I am prob bias as I am the author. :-) Feel free to reach out if you have any questions.

Admittedly, I am prob bias as I am the author. :-) Feel free to reach out if you have any questions.

Admittedly, I am prob bias as I am the author. :-) Feel free to reach out if you have any questions.

There's a Princeton professor named Ed Zschau that talked about an idea he calls "leaving footprints" during an interview between him and Tim Ferriss, the author of "The 4-Hour Workweek".

Here's an example of an analysis of a $170000 townhouse that rents for $1700:Purchase price = $170000Closing costs (5%) = $8500Pre-rent holding costs = $1200Rehab/ Repair costs = $5000TOTAL COST OF PROJECT = $184700Down payment (25%) = $42500Loan = $127500Investment = Total cost of project - Loan = $57200Rent = $1700Mortgage (30 year fixed at 3,62%) = $581Property management (10%) = $170Maintenance and repair (10%) = $170CapEx (10%) = $170Vacancy (5%) = $85Water and sewer = $75 (from Pittsburgh Water and Sewer Authority)Insurance = $100Taxes (2.08%) = $294.67TOTAL MONTHLY EXPENSES = $1646.23CASH FLOW = $53.77 CASH ON CASH RETURN = 1.13 %Are my assumptions ok? 

Also being a successful BiggerPockets author this makes total sense.