Well an update on my house:
I went through yesterday with the inspector and the appraiser and the exterminator and the house was pretty much called a good buy from everyone.
It does appear that having 6 beds will be tough as in 1 bedroom I'll only be able to fit in 1 bed.
But still 5 in at $100 (the figure I am toying with although I must admit $150 sounds more realistic) a week is roughly $2000/month, a nice tidy figure. Then you subtract the payment, utilities, and everything, I figure I'll clear $750/month at the very least. Not much but it is a nice nest egg to start stage 2 on.
The problem is getting started, once I get it up and running and develop a good reputation, there is no doubt I will be able to keep it filled.
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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"
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