Times 2 years, and you'll be $3k short of your projected expenses.Now add into the mix the increase in costs from what you are using now to estimate your future CAPEX off of, and you won't have enough money...even if all goes well.Saving for CAPEX through your cash flow is a losing option.Let's just see what happens if you do have added costs, and vacancies per year:assume 1 month vacant and one month worth of added costs per year, and you would end up saving only around $4500 per year.That would put you $6k short of your 2 year estimate, and (assuming you will only have the 3 years after that) $1500 short at the 5 year mark.The HELOC is there waiting for you when you need it.

If the kitchen was just about ready for a fix up and you have a tenant who has lived there five years, then you will need to do some improvements before you can get market rent on the next turn over.This why I spend some time regularly looking at other ads on hotpads or Craigslist just to keep up on what’s out there.

Would love to hear others experiences/opinions on working on REI deals with family members.I'm inclined to fund her purchase because it means *much* less money upfront and quicker entry into REI -- the income is an added bonus, but for my first purchase, the learning experience is my primary motive.

I am using Facebook ads and Google AdWords to market for motivated sellers.

It may be possible for a landlord to communicate via email (using Google translate to translate the emails) and use a translation app on their phone when meeting in person.

Took me a year to find this car used in the color combo i wanted.Three years later and only added 15k miles to it. (25k total).

Power of google?

I have a couple of questions about your opinion on adding a rehab into the equation.

I do of course also check google about upcoming constructions, big business moves, and basically any local information. 

Should we consider adding a bathroom and possibly a 4th bedroom if the area could support a 4/2 configuration especially if it’s stripped to the studs?