If it's you then you need to take extra out of your monthly income cash flow to account for that, I believe they say to expect 50%.These numbers you're giving, are they minus things like insurance, etc?

It is amazing how just that one extra unit will make this a cash cow for us.

Any Statistics/data?

The terms that you agree upon are obviously negotiable, but if you're willing to take a small piece of the profit in exchange for sharing your knowledge and guiding someone through the rehab process, that may be a way for you to build your cash reserves.If you take a big picture view and are able to use what you have (knowledge) to help others be successful, you'll be able to get what you want (extra income).I think you'll find that if you take this approach, you'll be in a buying position quite quickly.Best of luck!

So the "living in place" or however it is called phrase for seniors staying in their primary residences . . . they really just don't want the extra sq footage to, simply, worry about.

Out of that $540 you're paying:TaxesInsuranceUtilities (at least when vacant)Legal costsCPA costs (or, higher taxes if you try to DIY your taxes)Vacancy (even if just for a week or two during turnovers)Routine maintenance (inevitable, stuff really does break)Make ready costsTenant damage in excess of security depositsCapitalThe 50% number is well supported by large data sets.

Another bit of data that will be useful.

She has two small dogs and pays $10 extra per month per dog for them as per the lease with the previous landlord (we bought the house in April).

You need a full pre-approval, where an underwriter has reviewed all your data (tax returns, cash reserves, etc.) and said it's a go.You do NOT want to get stuck in a hard money loan.

Add 4k per month of my own money to the payments.As you can see each property gets paid of at an increasing rate.MY QUESTION: Will paying off other debt and using the extra money for investing slow my progress or speed it up?