The Skeeters have been in real estate for over 40 years.

Loan had high terms of 9.5% calculated to 20 years and a balloon payment on the 3rd year coming up this April 1st.

So, $12,000 a year off $50,000 investment was already a 24% Cash on Cash home run.

Great to know your making moves again this year.

Grandpa and Grandma take five acres on the back forty and punch in a well and sewer (when it was cheap to do so), run some water and sewer lines with the old backhoe. 

Since there are not many ways to reduce taxes retroactively for a previous year, understanding options like these can be particularly valuable at this time of year.

I can't believe this thread is 11 years old and still garnering attention.2.

I think our best client in the last 4 years we probably made them $750,000.Then I get the call from the one property owner trying to nickel and dime me that we will charge $190 for his townhome and he can get someone else to do it for $125.

I've only been in real estate accounting for 20 years and spent a good 14 years using Yardi, but what do I know. 

If you have any cap ex left in Palm Bay (like an HVAC major repair or roof) you will lose cash flow for years.