cut costs  No capital improvements just maintain stop distributions only pay fixed debt.. in other words get lean and mean.. and ride through the heavy seas..

Some buy 3 cars for 10k each in a Cali city and rent them out for 30% more cash flow. ( relay-rides).

This turnover has been the first point of turbulence in what has otherwise been a smooth ride, but hopefully it will be resolved soon and a new tenant will come on board.Hope this helps!

@Saemi JungThe rule may have changed since the last time I used a VA loan but as far as I know you cannot use a VA loan in this fashion.

We have a bumpy ride ahead.

It was definitely an exciting ride, but we are really glad that we didn’t buy a house here and now never have to worry about having enough money or making an income or stuff like that.Bill and Francine were looking at Uzma and Hubby for several minutes in stunned silence.

I know that sounds old fashion, but it is what it is.

Is this an asset category you have faith in and are willing to ride in more complex deals some day should be the key takeaways from this initial venture.        

I can ride out this wave....but most retirees dont want to wait 10 more years to see their money or be limited in any cash flow because they cant get rid of properties without taking a huge hit. 

Completion of repairs can't be more than 2 months ago and if there is no tenants the TK provider pays the rent until they find the first tenant.All this helps to make the majority of decisions in the purchasing phase and then just enjoy the ride.