Real estate has always been in the back of my mind as a way to increase our wealth and provide for our family.

I'd be surprised if the complex doesn't have individually metered units so you may be able to eliminate the utility expenses unless those are for common areas like walk ways, parking lot or laundry.

I sank every dollar my rentals provided back in to paying off debt and acquiring more properties.

What is the recourse for the tenant who signed the lease under each individuals name?

I was able to push back and provided more data, he adjusted to $1,335,000.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Additionally, most servicers will provide the tax documents needed at end of year (1099-INT, 1098-INT) and can also issue notices of NSF, late payments and support delinquency /default.

Some builders risk policies don't provide for live in.

You might also look into learning about BRRRR (Buy, Rehab, Rent, Refinance, Repeat), a popular method for scaling a portfolio.Network Locally: Engaging with local investors and attending meetups in markets like Dallas or Fort Worth can provide insights and connections that are invaluable.You'll find that momentum grows quickly.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner.