So it's a question of leverage(not being spread to thin), tenant quality/occupancy, rate of acquisition of new properties, etc.

So it's a question of leverage(not being spread to thin), tenant quality/occupancy, rate of acquisition of new properties, etc.

Do you charge a late fee or pro-rated rent if tenants aren't out the day they're supposed to leave??  

Depending on the interest rate I qualify for which should be a good one, would this be a good move? 

If you have awesome skills to find the deals, awesome connections with contractors to get the work done cheap, and awesome folks that lend to you at low rates, would you sell the home for way less than the market just because it cost you less?

Does anyone know what the going rate is for single family and multi-duplex?

As a former HD and Lowes contractor (lost both contracts once HD found out we were expanding and working for Lowes too) specializing in kitchen and bath remodeling, the margins were always in their favor and it was extremely difficult to maintain quality employees and subs based on the rates they would pay.

Networth is just numbers on paper.... don't sweat it... take your highest interest rates and pay those off until you have no other debt other than mortgages.and maybe a car... that's it... paying interest on anything else is throwing money away

I am going to assume you don't declare that income to the IRS on your tax return and pay the proper amount of taxes on it.If it is not on your last two years of tax returns,you will get no credit for it from the traditional banks and lenders which means you ability to borrow money will be based solely on what little you do declare and have taxed properly.Your savings and checking account s and stock holdings are irrelevant,only your verifiable monthly and yearly income.Your only choice would be a hard money lender at an enormous interest rate.

Pros are your interest rates are lower than a commercial mortgage, there are more people that can buy it on the back end and your down payment will be slightly less.