I save all of my reciepts and payments for rent,electric,water etc.

Hello,My name is Lync Jones and I am a newbie from Lehi, Utah.I currently work in Salt Lake City as a System Administrator.

You mentioned two types of sound, air borne (dog bark) and structural (running water in pipes).

Anyway I recommend Don r Campbells the ACRE system great book on Canadian long term real estate investing and a fun read.

Money Mustache and simultaneously from a Google search for "50% rule".I'm a contractor by day (current focus is insulation/air sealing and mechanical systems), but my goal is to be financially independent by 2017 at the latest.

You don't need a "company" (LLC, etc) yet.What you need to get started is:1) A process2) A teamKnow exactly how your process will work:a) Meeting cash buyers & understanding their needsb) Finding motivated sellersc) Evaluating propertiesd) Calculating offerse) Testing the water with your buyer(s) if necessaryf) Negotiationg) Closing via a contract/agreementh) Assignment to a cash buyer via another contract/agreementi) Receiving payment at closingFor your team, you'll need to know:a) Cash buyers, of courseb) Real estate agent(s) or broker(s) - provide comps, MLS opportunities, etc.c) Title company (preferred to have one you use for your deals)d) Attorney (required in some states)Best of luck!"

Estimated Income and Expense:Rental Income:1st Floor 2 beds with finished basement and extended kitchen 1,300.002nd Floor 2 beds 1,100.001 Car Garage 125.00 Monthly Income $ 2,525.00 Yearly Income: $ 30,300.00 Yearly Expenses: Real Estate Taxes $ 8, 187.00 (these taxes can and should be appealed for a lower Assessment an estimated lower assessment should be about 300,000.00 which would reduce the annual taxes to $ 6,768.00.)Homeowners Insurance 1,200.00 TOTAL YEARLY EXPENSES: $ 9,387.00The water and sewer will have to be divided between the 2 apartments, the gas and electric are already separated.

(Almost)I was just up in Tacoma today, sitting on the water wishing I was drinking beer.

Honor system.

Heck, around here, 10 years old should be interpreted to mean "the HVAC has a little more but not much more time," and "get ready to buy a new water heater."