It looks like you are doing well with your present income. you need to stock pile$$$$.

Convince myself to let go of the hard-earned cash (love to see it in the bank) and take a risk that could turn into a nice future (or not - darn it!)

if you're not finding distressed properties to use as your rental stock, then you're probably paying too much, minimizing your chances for cash flow.

lot going on in this post.first, no way will you get a 5.5% on a non occupied investment property.(2) you *may* end up with positive net income on the property without having the mortgage writeoff - this means a visit from the tax man. as an investor, the "write offs" or tax deductions you will receive, if your business entity is structured correctly and your CPA knows what he/she is doing and you keep tabs on it, will far exceed any write offs you will earn anywhere else...look at it this way...IF...you HELOC...taking 100k out of your property...now you've got 100k to invest in an reo or other distressed property - CASH...real estate is about leverage...but with the CASH purchase, it frees you up to do many different things down the road...IF...you "buy right" (below market value > 30%) - combined with the CASH purchase, you'll create a return on your investment that is EXCELLENT.if you took an arbitrary 100k (from anywhere, say it grew on a tree) and you stuck it in a savings account earning 5% (which is a lot for a savings account)...compare that to the 20% return you'll get off the monthly cash flow from a good rental...not to mention depreciation..and future leverage options available to you through this investment...the returns just compound.now this all deserves a qualifier...we don't know the specifics of your current home, your finances, what you owe on it currently, other debts etc.all that must be taken into account.

I've read books that say....be a straight shooter with everyone you deal with in REI since it's those relationships that will make your future deals even more successful.

Another thing that contributes to future success are the people around you.

As for the leases, you can't predict the future.

I hope you continue to stick around our site, and wish you more luck in the future with your investing career.Best,

Training, Medical, Dental and 401K plan available.Our growth is allowing for opportunities of advancement as well, so if management is in your future, then you’re at the right place.

i want to charge $1300.i do have a question for future reference, how can i get creative and dodge this 2% cap and get the seller to pay more closing costs?