Common deductible expenses include mortgage interest, property management fees, repairs, and even travel expenses related to property management.

Current monthly pymt is $2795 (including $640 escrow).

Boot includes any cash retained or the difference if the replacement property is of lower value than the relinquished property.

I really like having multiple opportunities to make income from 1 property, including a worst scenario of converting all the units to LTR. 

if you are going to do things like include utilities, or have an off street parking spot, other amenities etc, there's no reason in my mind you couldn't "charge a premium" for a premium unit/service. 

Deductible expenses include renovation costs, loan interest, and holding costs.

Hey there,Let's say I have $1M worth of stocks including my 401k.

My core investing philosophy is pretty simple, and has done very well across almost two decades and numerous cities:1) Invest in cities with population (and job) growth2) Invest in parts of the city where household income is near the median (or slightly below)3) Invest in properties that provide cash flow from day 1 Thank you for sharing that. 

I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

Lots of folks come up from Ventura County, including many who responded to your post.