I would use a direct deposit to decrease your risk using a form from the bank.

Kid w/in 2-3 years of future.I worry that by not wanting to be in the "thick" of Syracuse, and not going for rental properties, the probability of success is decreased 33.3%.I am trying to be vague on our specifics so hopefully other uses may see the mindset.Thank you,

This will allow theIRS to obtain the FMV of your account and see if there is an increase or decrease in your IRA value at the end of 2017."

Yes, your relative cash flow may decrease some by virtue of being responsible for a bigger loan amount, but you can use leverage to own more property for the same price.

You may be able to withstand a loss on 1 or 2 properties, but after you collect several and you're losing several thousand a year on each property, that immediately decreases your overall income making it harder and harder to qualify for a loan.

On the W/D and dings -- I'm not sure if you expect your PM to oversee move-ins and move-outs for each tenant to minimize dings, but the recourse there is the tenant's deposit, so this sounds like a non-issue and you got advice on how to decrease some turnover time and potential cost.On the rehab you're essentially asking for a workmanship guarantee.

@Mike H. keep in mind the reason for the "no renting" rule in the HOA is the occupants perception that rentals will decrease their value or will not receive proper upkeep.

@Mohamed NagoorDon't forget to count the expenses(costs) that you pay at closing to decrease your ordinary income on sale(Title fees, transfer taxes and real estate agent commission).

. - You have owned the property 12+ years and the value has decreased?

True that no special tools are required, but these tools are very low cost and allowed us to do a whole room full of flooring in a matter of hours, with no sore muscles.