But if you buy multiple properties, I would think that it would be very difficult to maintain sufficient reserves to handle disaster scenarios.

Hello Fellow Bigger Pockets Friends,I have been analyzing various models (already took action and bought investment property) to get to my freedom number i.e. monthly passive income goal to replace my expenses and maintain lifestyle.

We own and maintain just under 200 units in lake county - mostly Waukegan.  

Laws vary state to state and you have to make sure that you properly maintain an entitiy in order to receive all of the benefits/protection.That being said, most investors put properties in an LLC.

I'll do that.I need to at some point paint the exterior and replace the carpets, but other than that no maintenance has been needed.I do manage and maintain it myself, although all I've had to do in those areas is cash the rent checks and pay the mortgage.

If it's under the patio you need to uncover it.The previous owner knows where the tank is assuming they properly maintained it.

That puts significant pressure on you to maintain an adequate deal-flow.A second option is to become a broker and pair borrowers with investors.

The costs of maintaining a 90k house and a 50k house are for the most part in the same range.

According to the clerk of courts the BK was in 2007.The property had a Chase bank sticker on it saying it was being maintained by Chase.

Your broker is doing his best to maintain absolute protection for himself.