Just be sure whatever return you can get will exceed your cost of borrowing.

The cost of that eviction and turnover is far more likely to exceed the benefit of kicking them out and finding a tenant that complies with your requirement.

. : If a lessee of real property remains in possession thereof after the expiration of the hiring, and the lessor accepts rent from him, the parties are presumed to have renewed the hiring on the same terms and for the same time, not exceeding one month when the rent is payable monthly, nor in any case one year.Likewise, a tenant could terminate a periodic lease by giving e.g. a 30-day notice, and - surprise, surprise - instead of moving out, send the next month's rent on the day of the planned move-out.Frankly, I don't believe this was the intent of the law.

I think everyone that’s new to rental properties should dive into an 11 unit property in need of renovation that exceeds 100% of the purchase price.  

Total loan not to exceed 70% of the ARV.

or the other fixed produucts. my issue is loan amounts tend to never exceede $50K (my choice values are there) generally i can absorb some rate risk with a commercial loan  due to the cost to close being much cheaper from the estemates I have gotten.

Almost every one I hold has been refinanced such that my new debt exceeds my original purchase price thus no $ of my own in it any more and still cash flows nicely.There are not enough to 'buy one a day'. 

In other words, your financial model does not work.Over time, it is very probable that your capex will exceed cash flow.

@Robert GibsonRegarding taking a 401k loan:You would have to confirm that your 401k plan allows for a 401k participant loan (and that you have not had an outstanding loan in the last 12 months).If yes, you can borrow up to 50% of the balance not to exceed $50,000.The repayment terms are equal monthly/quarterly payments (as you prefer) of principal and interest (e.g. prime + 1%) spread over a 5 year term (or longer if you will use the loan to purchase your primary residence).

What I was told from my loan officer is that in order to buy a second property via fha at the same sale price you bought your first property at, the 1st rental property must exceed 125% rental income to become preapproved for that same amount once again.Also mentioned to have a second fha mortgage out at the same time, you have to show proof of a “Living Upgrade” meaning that second property has to show some significant benefit as to why you’re using another fha loan for a second property if you get what I’m saying.