If you were working for 9 bucks an hour before and surviving that income is more easier to replace for reserves than making 80k or 100k yearly etc. and making the change.You have to write down all lifestyle expenses and know what the monthly nut is to break even and be comfortable but not rich or having to take on debt when you start out.

Then we choose a % for the inspector to walk through.We also do our own market research on the properties that will be our competition.

There's tons to choose from!

@BrookeWelcome Brooke, There are a boat load of agents and mortgage brokers to choose from here in the Portland area.

But that's not really a DIY job unless you're comfortable with electricity.Do you have alumnium wiring?

If we did a "move in fee" and then a "pet fee" and not a security deposit, then I probably would be less comfortable about it.

Thanks for choosing BP!

I don't want to give away the farm, but I would be more comfortable doing a traditional "non-reverse" exchange.

Take your time and educate yourself, then when you're comfortable you can pull the trigger.

At some point, especially if you scale, there will be a higher and better use of your time, or you will find out you can't stand managing, or your rentals may not be in your backyard anymore if you choose to invest out of area.