I want VEGAS baby !!!  

I watched the market everyday I knew my magic number and as soon as I saw this baby go live I booked the showing.

BTW, I have evicted "white collar" tenants too.

I sent a plumber over and it turns out that the tenant, in the other unit, has been putting baby wipes and tampons down the toilet and has clogged the sewer line.

I know that the best method is to pay cash down for the first property; but would taking out a construction loan to finance the property, then refinancing that loan after the property is rehabbed and rented work too?

Service companies aren't hurting for business and wanting to take their low rates so it was a full time job trying to stay on top of them to expedite service due to no heat in February and no AC in the middle of summer with a baby in the house. 

I'm sure you were proud of your baby given it was your first but after a while, you will be more proud of how far you have come versus others around you that were too afraid to even start because they heard the taxes of a flip was high.

The 2nd-floor unit needs to be completely redone to be rent-ready and the first-floor unit/ exterior needs some work too, the total estimated cost of the work is $100,000. 

I'm a stay at home mom to a 2 year old and soon to be baby #2 and travel with my husband all over the US for his job.

@Jacob Phillips - I try to keep three months of expenses for ALL my expenses (business, all rentals, personal, etc) but aim transition to 6-months emergency fund over the next year (we just had a second baby).Given you have only one rental, I would be much more comfortable with 6 months expenses and at least 3 months personal expenses.