Private financing has many perks compared to traditional bank loans, especially if you're after speed and flexibility.

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

So when I'm reviewing screening reports for my rentals, I like to find out the story behind an eviction - I've had good tenants with evictions on their records who never bothered to expunge their eviction from the record when they had a prior vindictive landlord (yes, such landlords do exist and give the rest of us a bad name). 

Cash flow is great, but it can feel incremental compared to the boost you get from equity plays.For me, it's more situational.

Comparable property sales do not affect the depreciation basis, which is determined by actual purchase and improvement costs.

And even here, you still need to be "active" to research who you are lending your $$ to, and due diligence on the deal itself prior to investing your money.

Companies like State Farm, Allstate, or Chubb often come up in conversations, but comparing quotes with independent brokers might give you the best value.Since you're in a general partnership, it”s critical to clearly define liability exposure.

Also, do you have pictures showing EACH AND EVERY window handle prior to move-in?

Quote from @Alecia Loveless: @Jorge Caceres When we have to include heat in our rent we just raise the price accordingly to the max comparable amount that other similar units are getting.

It probably won't come close to $150K.Run the numbers if you put the profits into a savings account paying 5% interest and see how that compares