That way you will save yourself $20k which you can use to buy another deal.

I estimate this overhaul would save about $200 per month in utilities across the gas (boiler) and electricity charges.

Save it for repairs and for the down payment on the next property.

I usually don't see 12 month of property tax in escrow but that's the only place I see that you can save money upfront (the money in escrow is still your money).

I do have a small bit of capital in savings.

The only saving grace I have right now, for that plan anyway,  is that I have a friend who is an appraiser in the area and has agreed to look at comps to get a good since of what the ARV will be.  

That saves you an additional $600/month you would've had to pay to rent a similar unit from someone else, and the property still appreciates, the mortgage still gets mostly paid down by other tenants, and when you finally move out the property WILL cashflow now that you're getting the maximum gross rents by renting all the units.The deals you're looking at are working, you just need to change your perspective, that's all :-)

I'll be saving your information and look forward to the possibility of working out some deals together.

No, it went into buying the new roof and you’ve been saving all this income just to buy a new roof.

.- Maximize our 401k contributions each year, and assuming 8% return each year, our 401k portfolio will grow to 1.6 million.- Result = 3.1 million asset + 2500 monthly passive income• Plan B = Plan A + Home Equity Investment- Buy one Multi Family rental property in year 1 ($250,000), and pay off this rental property in 5 years.- With more Home Equity available, I can buy 3 more rental properties in year 6.- Pay off my existing Seattle rental property in year 10.- With house price appreciation, I can buy additional 3 more properties in year 10.- Total Income: Seattle property 2500 + CT rental properties 7*1100=7700 = 10200 - Result = 3.35 million Asset + 10,200 Monthly passive incomePlan C = Plan A + BRRRR:- Buy one Multi Family house a year using BRRRR Strategy. ($250,000)- Repeat this process 10 times in 10 years, then I could have 10 houses in 10 years.- The advantage of this strategy is that I can use my $250,000 LOC over and over.- The disadvantage of this strategy not able to find appropriate deal or not able to refinance.