You get 5 years to operate at a loss (no income tax) before the red flags start waving.

It almost seems like this is the wave of the future

For comparison Q3 2011 reading was 35.1.I have just begun studying the multifamily industry and I would speculate the wave of foreclosures during the last recession would have forced people out of their homes and into rentals i.e. multifamily units.According to the chart multifamily vacancies rose to a high level during the recession, and peaked in 2009.

His view is a little more in my wave length for what I'm trying to do.

Temp last nigh was ZERO, set a record for the coldest Feb 16 in history.Have 3 subdivisions going and even have a showing on weekend, even though there will still be snow on ground, but it will be a heat wave getting up to 30.

Go wave a magic wand and conjure some beaten up fourplexes.

While I have tons of reno tools, what I recommend as the "must have" for the hands on landlord is a Leatherman Wave Multitool with the insert bit kit with philips, straight, Allen, Torx & Robertson heads.

So glad to hear that you are getting started and trying to make some waves!

Wave the penalty to break the lease, but all else stays in place and do it all in writing. 

Is she a college student who has heard about Airbnb and how quickly it is growing, and wants to ride the wave?