The other thing to consider is the cost vs reward.

I heard about BP from one of my friends and from then I have been hooked, binge watched numerous podcasts, read a lot of posts and learned a lot of new terminology and got very inspired by all the success stories.

My property manager doesn't notify me of charges for repairs less than $100.My tenants keep the house very clean and have always paid on time, so I like to reward that behavior with being very responsive to their maintenance requests, which are ALOT. 

Loan to value allows real estate investors to pick the risk to reward ratio that suits their particular situation.

This past week I have learned a wealth of knowledge from all of you, I’ve spent countless late night hours reading numerous discussions, investing strategies and tips.

We have numerous rental properties and beach condo under an LLC, but we have not developed land from the ground up.

I just closed on a property yesterday in RI after analyzing over 2-dozen houses, and glancing at numerous more that I just threw away without even analyzing.  

We are pursing a foreclosed property in Rochester NY- which had numerous liens that we sorted our way through, along with an owner that skipped town.

I knew small multifamily was tougher, but I was hoping the rewards were higher, doesn't sound like it.  

I know I missing something as there are many of people that buy numerous properties and have to be well over their ratio also.Any input is helpful for this rookie.