@Troy Luster I think he means he is setting aside 7% of gross rents every year, so that they'll build up over time for when big ticket items need replacing.Most investors set aside between 5-10% for ongoing repairs and maintenance, and another 5-10% for capex.

With houses, there are so many ways things can absolutely get destroyed by rain/mold/rot/etc, whereas I feel like a well run condo association takes care of the outside better.

Buy and hold means to buy properties and rent them out long term vs. wholesaling or buying to flip.  

If you have an understanding of real estate and think you can get better results growing your retirement savings in that asset class, then a self-directed IRA or Solo 401(k) is a means to do that.All investments are made in the name of the plan, all expenses come from the plan, and all return accrues to the plan.There are several different plan types and service models available.  

Forgot to mention, they only get this application if they pass the phone interview.Once they return the application, I can then verify their job status, current living situation (meaning speak to their current landlord if they're renting) confirm employment etc. all before doing one showing.  

This mean so much to me and actually gives me confidence.   

Tax liens, encumbrances, etc. mean that the land value isn't even getting to the actual value. 

I mean Hurricanes and all...

More specifics appreciated.Hello:Well, as I am sure you gleaned from RDPD, start living below your means to save up as much money as possible every month.Also, wholesaling is something you can do with very little money (although it's not easy and you need to get some advice).  

I don't want to transfer my properties away from my current manager, but he does not return my calls, and makes me feel like I am a bother when I express my concerns.I was so very pumped up to get into investment real estate, but now that I am having huge monthly payments for my taxes, mortgages, and insrurance, yet rarely am I getting rental income, I fear I am on the wrong path.If there are any property managers or investors that work in Hammond, Gary, Hobart, or Merrillville that could offer me an experienced opinion, I would be grateful.