They broke the lease in so many ways, not to mention the oil tank now is on rock bottom, no heat, no hot water and ill need to pay to have it restarted once they are gone.

You are not an investor in the eyes of a real investor.Want to tell your peers at some party that you're an investor, when you are a broke wholesaler, have fun

One girl called me and said there was a beehive on the front porch, so I had to call an exterminator.

My question is, if something broke down within the first 3 months of ownership, what would $462 cover?

If too many of these situations came up at the same time, you could go broke without some deep reserves. 

I went through many bad tenants and nearly went broke due to the destructive tenants, late or none paying tenants, criminal activity and drama.

Ahhhh......real estate.......but I digress.As far as that wave of foreclosures bringing prices down is concerned, don't worry about that because that wave broke long ago.

All my friends with toys are broke and can't figure out how I can keep buying all these houses.

Re-Run Duncan's math with 20,000/year or 30,000/year and see what I mean.make 200,000 and lease new cars, go on fly vacations and live in 6,000 sqft in expensive areas, and you can end up broke.

I pay $1500 month.After reading a mountain of information, and listening to a cornucopia of podcasts, I am no where near to figuring out what the hell to do.Now keep in mind I have 3 small girls and one of them has school so moving all the time is not going to happen.Interested to hear some ideas.