There's a small chance they'd say nevermind on the extra payment in hopes that you'd use them again, but don't count on it.

And will i need to reduce my primary residence mortgage to 75% LTV before the rental income can count.

But in the end, you will be better informed as a result, since several RRP certified folks have chimed in with their $0.02 worth (actually more like $200 worth from training expenses, but who's counting :D ).

Depending on the small claims court you are in, they may not even check if you served the notice or may count the notice the court sends to a tenant for the eviction hearing as the 10 day notice.

The balance 50% is what is left for debt service and cash flow.If you would post your actual mortgage payment (not counting any taxes/insuarance/HOA - which are operating expenses), that would better help us evaluate how much "true" cash flow you have.Before you do that, here it is without having that info:$1175 gross rents less $587 for expenses less your mortage payment = your true cash flow.So the $415 cash flow you stated is not true as you must allow for vacancy expenses, loss to rent, eviction costs (you will have them over time), repairs, tenant damage beyond the security deposit, capital expenses like new roofs, new AC, new water heater, etc., advertising/marketing costs, accounting costs, and more.I would highly suggest you pack the entire $415 away into your business account for the expenses that are not monthly but pop up from time to time.

You don't need to be a guru to figure out that I will be in good shape if I just stay sane while acting as the manager (dealing with the tenets is not fun) and counting the pennies for the "make-readys" Thank you for taking the time and posting your thoughts.

I can't count the times I've looked into doing this and ran the numbers on a prospective deal, and just never been able to convince myself this was the correct strategy.

It matters that they are not the same.It MIGHT be, that you may be able to get enough people to vote for a change in color schemes, but don't count on it.

Don't know if it counted the second time, but it seems like voting is unlimited if you exit out the page and load it again.

Well count me as one who hopes the Cowboys don't get him!