He got so big enough in real estate where his daily expenditures are covered by the cash flow from his investments, so he quit FOX NEWS.

 I just had four consecutive applicants apply for, pay for their credit check,  pass screening, and then decline an one bedroom with den  apartment..

As long as your rental income at least covers the financing and cost of ownership, you're golden. 

Just be thorough when screening your tenants and you may have the best tenant in the world.

Just about a year ago, I sold 2 of my homes in order to buy a 4-plex and very happy with that decision (mortgage/taxes covered by 2 of the rentals). 

@Lloyd Lau Assuming there are no structural issues and the 120K per unit covered electric and plumbing, would the deal be worth it?

You can check out the store, https://www.biggerpockets.com/store, which has books endorsed by BP that cover a wide range of topics. 

We are just speculating on the upward moving of this market because the house price keeps rising and there are organic factors that support it so in a moment we think negative cash flow can gradually be covered by picked up rising rental rate, but i guess its not financially sound on this deal

I had insurance on the property, so im covered in that aspect, because they are rebuilding my unit as part of a mass rebuild project jointly with the HOA insurance.

I feel like someone should do a video and walk through of a real life MLO contract, covering each section in detail