https://www.biggerpockets.com/forums/12/topics/1171104-the-m...Agree with all the other posts regarding cashflow essentially being a function of how much equity you put down,  and leverage is more expensive now.

I have found that a good rule of thumb is $10k for all your furniture appliances and essentials for an average unit, plus another $2k - $3k per bedroom.

Good due diligence includes a proper inspection before purchase along with the other elements of one's due diligence.Thanks for the remedy reminder as well.Investors selling property need to consider these things as well.

You should make sure you are within the usury limits of the state you are lending in (in this case, you are at 8% and fine for SC.What you have done essentially is become a private mortgage lender.

It’s essential to evaluate whether the potential rental income aligns with your financial goals and if you can manage the ongoing expenses associated with property ownership.On the other hand, flipping a home could provide a more immediate financial return, especially with your access to a private loan and mentorship from an experienced developer.

You pay 10% for the good times an extra for the headaches.However I know managers essentially become a necessity.

Build a Strong Virtual TeamLocal Boots on the Ground: Having someone local who can handle property inspections, meet sellers, or take photos is essential.

I thought I was getting an amazing deal but what I'm ending up with is; essentially locked into closing on house where everyone expected the current tenant to leave cooperatively however, he is now planning to stay indefinitely without paying rent until getting evicted.

To make an informed decision, consider these essential steps:Seek out a Certified Cost Segregation ProfessionalConsider their experience with tangible property regulations.

I have all the elements needed to build a spec house to sell.