You want the cash available at a moment’s notice for a furnace, roof, or vacancy; I hope this helps you a bit in either case it's a good problem to have just make sure you can easily access your funds (liquidity), I sent you a DM on BP and hope you can assist. 

It could easily pay our mortgage payment. 

U would use an attorney if your doing a complicated JV deal though.. but for this should be pretty vanilla and easily done for a few grand at most.. 

On the other hand, you can jump in to MTRs and LTRs very passively and easily, just find a savvy agent and hire a property manager.

Make sure the after-repair value easily covers purchase, rehab, and carrying costs, and leave room if rates rise or the project runs long.

Proper management is crucial because this population has high-turnover and can easily damage a property without proper oversight (that's where the qualified staff come in). 

A typical hard money loan is likely going to cost you between 2-5% in points where 100% is easily 6-10%, if not more.  

Yes you should be able to self manage pretty easily with 4 guests per year on average.

It’s based on both location and the number of bedrooms, so you can easily check the fair market range before listing your property.As for tenants, the key to success with Section 8 or any renter is proper screening.

Enrique, this is an excellent breakdown — vacancy is easily overlooked as a cost, but it’s huge when it happens.A couple thoughts from my experience:Marketing + automation: Using professional photography, 3D tours, and multi-platform posting really does cut days on market.