Those of us who are high income engineers/programmer sorts most likely live in major cities like Seattle, Austin, SFBA, Chicago, etc where you're either in several grand a month for a downtown studio or paying that same several grand to own an old home in the suburbs 12-30 miles from downtown (like myself).

I think I had a couple grand for emergency money and told him no. 

I pay 10% of monthly rents...Reserves-I personally keep $3-5k per property (<$150k properties) because things will go wrong and they may not wait for year 2 after you've saved a couple grand from your maintenance or capex budget.

Probably saved 3 grand in time and materials.

but if the seller now wants out because of this.. then its a simple math deal..what is the equity.. is it worth all the legal feesI just actually in all my years e hum ( 42) in the business did my first SP litigation and won.. took 18 months and that was with a seller that went totally dark would not answer anything.

Having grand kids means you're not Roy Rogers anymore!

Most of what I see sold now for 8 grand is just a mix of all the greats Wendy P.

so i guess 2pct is close to my number. 40 to 50k for every grand in income.

Excerpt: "GRAND JUNCTION, Colo.

I certainly hope our great grand kids don't look at this generation and lament how stupid we were to not see it coming.