Property details are below.Property 1:Cash flow: -$730 / monthPrinicipal + Interest: $1,790 / monthEquity after sales costs: $110kExpected IRR of holding: 27%Property 2:Cash flow: -$200 / monthPrinicipal + Interest: $620 / monthEquity after sales costs: $20kExpected IRR of holding: 35%Property 3:Cash flow: -$310 / monthPrinicipal + Interest: $690 / monthEquity after sales costs: $45kExpected IRR of holding: 26%Property 4:Cash flow: -$500 / monthPrinicipal + Interest: $1,135 / monthEquity after sales costs: $45kExpected IRR of holding: 16%Property 5:Cash flow: -$600 / monthPrinicipal + Interest: $878 / monthEquity after sales costs: $40kExpected IRR of holding: 16%Total portfolio:Cash flow: -$2,340 / monthPrinicipal + Interest: $5,114 / monthEquity after sales costs: $260kExpected IRR of holding: 24%

I started out with a flip house and am currently focusing on long-term rentals.

Along with the usual bush and grass jobs people would have us do house cleanouts, cleanups, and basic maintenance, so I know that I would not be totally jumping into unknown waters.

My PITI (total monthly expenses) is $537, and it is now rented for $1000.

Unproven contractors need to be started with small jobs and they can work themselves into the bigger rehabs. 

All this said, I GOT STARTED!

Operating partner not paying loan or taxes and lender threatening to foreclose, who was also a family friend at the start. 

And another, in some states now, you have to disclose, in writing to the seller, that you are not the end buyer or be fined with a hefty fine.These may get glossed over by the "community" but they are starting to be cracked down on in a bunch of states.

That is because the light hits the ceiling at a totally different angle than the ceiling.  

I built half a dozen homes in Seaside Or on the hill above town and half way up my street was the start of the safe zone for Tsunami  when you put that into perspective..