just from my general knowledge and nothing to take to the bank.Rural NY is like many other rural markets  slow and steadyWe are going to a wedding in the Catskills in July... but thats about all I know about the area

Having a team can't be stressed enough.

Originally posted by @Becca Summers:D properties are higher Hands-On management or time-consuming you'd have to really trust your property manager.I wonder if your management fee would be higher for the added stress and lower rental prices.

I'm working at back-filling with normal vacation rentals, wedding, and corporate events so if the festivals go away, I'll still be in the green.  

Once you have an FHA loan you are not allowed to have another FHA loan unless relocating a great distance for work.Now that you have exhausted your Low Down Payment Options (Portfolio Conventional and FHA Conventional and FHA) you will need to use a Standard Conventional Loan and put 20% down to get your 3rd Duplex.The sky is the limit...you could continue to buy properties and build an empire or just stop there and enjoy more free time...I have friend who quit his job and just manages his properties now.Keep in mind that this 4 step process I outlined takes time (anywhere from 1 to 10yrs depending on the person) so keep the big picture in mind but don't let it stress you out too much.

I own lots of real estate and only few are in LLCEven if you have an LLC, you are still going to sign personally on the loan.My stress reliever - Lady Bug on a leaf done and colored on my iPhone

It's an almost stress-free way to invest.

The sellers' concerns are 1) paying capital gains taxes upon sale or scrambling to find an exchange;  and 2) continuing an income stream that is relatively stress free. 

E.g slice of wedding cake has to be thrown out, never mind expensive steaks or seafood.I do not have a clause in my lease to address this and wonder how others handle such things.I'm sure someone has had a renters wedding dress get burnt or damaged in a dryer or something similar.

I see that point to but focussing on actual cash in my hand to pay bills or travel or whatever, it seems a tedious and stressful way to make $$I guess that's why investors sometimes lace the portfolio with flips