And, that assumes self-management and separately billed utilities.Good luck!

I've heard that in Texas, the tenant security deposits have to be in a separate account. 

I find social media a powerful tool when it comes to learning about people, just obviously need to be able to separate junk and focus on what matters.

Also keep in mind a property will appreciate the same amount whether it is 100% equity or 100% leveraged.Investors need to understand first that cash must earn it's keep and second that every income property has two distinct and separate income generating streams.

The property manager has its own banking accounts for handling escrow deposits vs. rent checks - you will need to be familiar with the rules on separating the two in your state. 

could buy a big house, mulit-family, and rent out the separate bedrooms. 

Legally you can not be represented by 2 separate brokerages at the same time, or at least thats what my attorney has told.Would love to get another attorney's thoughts on this.

Hey BP,I'm looking for in-house refinance options on two separate properties.

think i finally got to the bottom of it, i took a look at the rent agreements which were finally sent to me, seems like the owner rents the units to the leasing company, and the leasing company then has a separate lease to the current tenants, which of course, they are not letting me see, but that is OK because I can analyze the deal based on the numbers the leasing company is paying and know that when their lease is up I can rent the property for more if not the same figures ??

I would convert to two separate water heaters and furnaces for $25,000.