We invested all of my income into 2 pure rentals before we were transferred again.We use our transient military career to invest in personals because they have 1) cheaper down payment 2) Lower interest ratesWe live off of one income (my husband's) using mine when it exists (it can take awhile for me to re-establish myself in a new area) into pure rentals.Because of our transient life style causing home to be "relevant" to the current set of orders.

@Bill Jacobsen , What do you normally use for your vacancy/mngmt/repair costs?  

I normally use what I call the 5 schedule when I view a property.  

You can tell the seller during negotiations that the first sign of trouble from that A/C unit, any normal A/C tech is going to recommend you replace the whole entire unit.

Normally, the one with higher hourly requirement will determine if you meet the individual state requirement.Example I needed 99 hours.

Real estate is a lifestyle by design. 

Normally a wholesaler gets a home, does nothing to it and flips it to another buyer. 

Or does the Lump sum that comes with a RTO count as a security deposit because if they walk away at the end of the lease you get to keep the lump sum.How is this normally done in RTO's?

A hard money lender will lend based on the value of the property, normally if you buy a house that will be worth $150k for $100k, it will need some rehab to be worth $150k.Let's say that rehb will cost $15k,, let's say the hard money lender will lender you 66%  (to make the math easy)of $150k, but you have to pay not only the cost of the house, but you have to put $15k in escrow.At closing the hard money lender brings $100k (66% of $150k) to the table, you bring $15k plus closing cost.  

jk I do not think next event has been determined yet,  normally it is the second or third tuesday of each month.