Also keep in mind that when you have higher priced rents those could potentially take longer only because the potential tenant base is significantly reduced!

I also have 15 year mortgages on those two properties, so even if I "add" to my debt on some months, I am reducing principal and gaining equity substantially each month as well.

I closed on a little bungalow (1060sqft) in East of downtown end of September of 2016 Started the rehab in October and finished by end of November, against all odds and suggestions listed the property end of November (typically the market is slow in December, and to reduce DOM people tend to hold on to their properties till new year) and within first week of listing received a full offer on asking price and closed on the house on the second week of January.Lessons Learned:1.

The cash flow has been reduced a bit by the recent interest rate hikes, but it is still about 7% return .

I'm afraid to say that only one realtor I spoke with is actually being pro-active.

I'm just being proactive in ensuring that I interact with companies whereby the closing will run most smoothly as it relates to assignments, double closings, etc.

In many deals (mine included) anything over the pref is a return OF capital and reduces the capital balance of the investor but NOT the % ownership. 

@Shiv Jey ask your agent to give you rebate to reduce loan principal.  

Installing multiple layers of shingles reduces the life of the shingles.

Interest income does not reduce my SS benefits.