There has been an ongoing series of news stories about how professional tenants are abusing the system and harming small landlords in particular.

ONGOING net income is relevant as a CoC percentage for buy-to-hold investors, who have said goodbye to their original deposit for maybe many years to come.

In 2012 I ran into something similar where they were counting all of my loans instead of just the number of my financed properties.

But then I ran the number again using the BP calculator:  counting 8% vacancy rate, 10% for each maintenance and Cap expenditure,  10% management fee, and $10,000 for new paint/carpet it will leave only $168/month with the current setting. 

I was debating on going with a HML for about 6 months, then refi into my existing lender (letting me buy more property for less out of pocket), but was curious about people who had actually done it. :)

California attorney, but plan on going nationwide, with this endeavor, ASAP.  

Or, focus on going from $50 in free cash flow to $150 in free cash flow each month.One day, you'll have the experience and track record and luxury to look back and scoff at your returns from the "good old days" because you'll find a high-return path that suits your specific skills and appetite for risk.Or, you'll pay off the properties and retire with some monthly income.  

Have to admit in the last 10 months we've done pretty good as for networking, building a team, putting necessary things in place, ongoing education etc.

Hi Dawn, thanks for the meet up info, I am planning on going.  

I ran through this same process with JP Morgan Chase.