I am creating a documentary, in my own blog showing how I handle my newbie journey towards financial freedom...I do not want to spam here with the link to my page, so instead, I will simply mention that, I am documenting how my brain thinks... as the starter, so maybe some folks who are also starting out... and trying to get closer to financial freedom within 3 to 5 years in the world of commercial real estate... possibly can somehow relate... :)I have no idea... if people will relate or not... or should I say I wasn't really sure... myself when i first started this journey to see if anyone would even bother joining my facebook group to see what is happening in the brain of a starter individual, to see the tips, tricks and secrets the starter just like you uses to get closer towards financial freedom. 

And then using what's left to payoff probably relatively low interest loan that you have on your rental and loosing interest write off deduction doesn't sound like a wise financial move...Why don't you consider setting up a self-directed IRA, moving your Vanguard IRA in there and then invest passively in trust deeds (or some other alternative assets).

It took me about 6 months to build this operation from scratch, because I had to make adjustments on the criteria I wanted apply in each of the verticals (I ended up with 9 channels), figure out how to get this info in the first place, then put in procedures to automate this process somehow (I started off with hiring VAs overseas, which in itself is a learning process, and now with the help of my IT friend who has partnered up with me, is in the process of automating the data extraction process using AI/machine learning). 

They put it up on a tablet if in person, and it not only makes them look 'cool' but less paper, easy to reference, data storage for waiting lists, and you can always print the application if need be.And echoing @Christopher Giannino We charge whatever the credit check fee is, and apply it to the 1st month's rent if accepted. 

@Jimmie Feaster  I think where you're running into issues is the relatively arbitrary figure of 85%. 

Then you have to join couple of associations / boards (relators, tmls).

I have no idea where CoStar gets its data, but my only guess is that the numbers are skewed by added units coming to market? 

Are you relating it to Net Worth?

Hi Kusum,Wonderful responses some of these helpful folks gave above so don't want to beat a dead horse but....I will be operating under a few assumptions:I am operating under the assumption that you would like a neighborhood that is more or less safe for yourself or a relative to walk around the area with the young ones.

The instruction sheet will tell you which models can be interconnected, and you can often get that sheet as a PDF from the manufacturer's web site before you buy.I've also seen a suggestion to make sure that wired smoke alarms are powered from a circuit that also has a light on it that is used relatively often - like the light over the stairs, or the front porch light, or similar.