Once one tenant lives there, they are no longer new so paying the extra for new or scratch and dent doesn't make sense.Flips must match brands and finishes so scratch and dent would be the best savings possible.

If the local market corrects or you need to dump quick you will be overleveraged with no principal pay down.How much extra cash flow are you getting with the interest only loans per month per property??

If I do an eviction there is an automatic money action I can do that doesn't cost extra.

Very interesting...Never thought of overseeing others projects for extra income.That's a great idea.

I have been considering getting into real estate investments for some time now as I live in Houston and the population has exploded in recent years.I will have a bit of extra cash later this year which I would like put to good use (10-20k roughly).

The fly by night "cash handyman" doesnt help any either because the licensed guys pay more insurance because of them and towns require probably twice as many permits for just general things they never did before.

Due to my calculations he is paying an extra $60 a month for the irrigation the most, and being in South Florida there is hardly a need for watering in the summer.

Plus, who is to say some dishonest agent would not lie about the highest offer to get a little extra commission?

What I'm asking though, is how much excess do you require before you say "I'm doing good, I can take this extra money out and put it into an additional savings/investment account"?

Might need to add some extra footage for the right feel on the master bedroom/bath combo.