." ::-)Turns out the tenant's kid had been playing with matches in one of the upstairs bedrooms and had started a really good fire.

But, to perfect that lien would require a hearing before it expires.

Your lender holds a deed of trust that perfects their interest in the title to ownership.

You have a perfect benchmark located close to this property that gives you a solid base for many of the inputs to your analysis.

Actually it sounds perfect.

I will not state that every single property closes, it is not a perfect world and if you have a perfect record - congrats - you would be the first investor of that kind.

You really have an absolute perfect background to be an investor.

Great Call BryanA month to month is perfect for this situation.

or try to make it perfect to get top dollar.

@Nick Payton , not sure if the 50% rule counts escrow as an after mortgage expense, but here is the breakdown:Mortgage payment: $388Escrow: $237total: $625Expenses:Utilities: $250Maintenance: $1075% vacancy: $70CapEx: $110total: $537We'll see how well those numbers match up with reality in the next few months or so, with these numbers my cash flow is closer to $250 a month than $300, guess I got too excited in my original post =).If Escrow counts towards expenses (taxes and insurance) then I meet the 50% rule for sure.