You will want enough return for the deal to support itself or you won't be able to scale well.

Background checks on how well they avoid trouble.

I have a call out to my accountant as well. :)

However, most of these properties still cash flow well (or enough to cover PITI). 

Question: I'm an agent trying to deal with an owner on a small commercial prop says once a buyer signs LOI they can get any relevant leases do their due diligence as well as do their inspection before going to contract.

Yes, Im thinking about using them for a flip as well and would like to know if anyone has used them and what were their experience.

Looking to learn more about seller financing, the art of the deal as well as connecting with like minded investors in Chicago and beyond!

You should track your own units expenses as well so when you move out, you can quickly reclaim any expenses or depreciation you built on the personal unit when converted into a 2nd business unit which would then be included on your schedule E.You also write off half of your property taxes, insurance, HOA dues, or any shared expense.

My tough today is different than my tough next week.Many new(er) investors struggle to manage their rentals well.

We have six properties under management with JWB (five purchased from JWB) and “it ain’t going so well”.Ask Me Anything