I usually remove them from my rentals as they are more trouble than good.

Well, I might get in trouble with Charles Perkins and some others, but you really don't need a CPA unless you're a C corp and you don't want that for what you're doing!

If your having trouble making payments you can see if the servicer has a loan modification program for investment properties ..I wouldn't expect you to be able to refinance for any more than 50-70% LTV, if at all.

If you pencil out the number you might find that it makes more sense to rent your residence and use your capital to invest in income-producing real estate in other markets.

In the example, the author has a goal of owning 9 free and clear properties that each produce about $11,000 in income.

Purchasing the right turnkey investments will produce cash-flow and build equity over time through amortization and future appreciation.

The building I thought would have been a very good project has a neighboring apartment building the current owner has had trouble with for years, namely tenants keep parking on his property and won't stop that even after visits by police, in addition to some vandalism and loitering.

I love contracts and the law but the job prospects and loan debt are troubling...

Sounds like way too much trouble for that extra bedroom.

Keep your eyes open to troubles so you don't overwhelm yourself or your resources.