I need to be the first millionaire in my family I promised it to myself, my mom is relying on me and the people that doubted me are watching me.

As you read these books, watch the BiggerPockets podcasts.

They can watch Hgtv or watch some YouTube or go to some seminar and be easily convinced something is easy and can be done (like remote brrr).My feeling for how people should start out varies by the person.

If not, CAP rate is a metric, but not applicable as 4 and under are residential and valued by comparable sales.

.- Any potential pitfalls to watch out for during this process.If anyone has navigated a similar setup or has referrals to professionals who can help, I would be extremely grateful for your input!

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Best regards,Zach RumfieldZachWelcomeReach out to us and let us know what you are to focus on and we can send some info re the law and title side of things -- we have info on all investing methods and tips, tricks and pitfalls to watch for in all areas of investing Thanks Alan

Better to lose a non-refundable application fee than your shirt.

If they provide sketchy information, deny their application and move on.

So if we were given 30 days notice we could turn on our marketing, screen applicants and almost always dovetail  the new tenant’s move-in to within a few days of the old tenant exiting.