Once the mortgages are paid off each property is a nice little cash generation machine.  

Yeah it is really important I always stress that to borrowers to plan ahead but the reality is that most LO's meet borrowers and clients at the last minute when no planning can be done and we pretty much have to wing it the best we can with what the borrower is prepared to and able to show at that given moment.With 2-3 months or even 1 year advance planning the borrowing process can work like a well oiled machine.

Another option is to have a laundry room with coin machines.

It has proved fruitful and it's also a great tool, but I prefer the HELOC overall because in a cash out refi, there's additional closing costs (more than a HELOC), and there's more scrutiny to getting that cash.

These units both come with a one car garage, we rent the other two for $175 for the larger garage and $150 for the smaller.Other monthly profits are coin op laundry $20-40 a month, although at a loss due to inefficient machines and very high utility costs.

Check your washer machine too.5.

@Colin, your story solidified this in my head and then the whole machine sort of became clear to me.I'm years behind you all - took me too long to see the machine at play, but I was totally bought into the "wow these are two really nice people!"

Improving that vacancy rate is just some of the low hanging fruit.

It was a very fruitful endeavor for the period of time I was able to do it.

My wife @Leanna West and I just closed on our first investment property (photo below) and I are riding the high of finally seeing the fruits of our hard work and feeling like we’re living into the mindset of being “real estate investors”.