They were turn key and ready for tenants.

As of now, I have a total of 3 units and 2 of them are occupied by the sweetest individuals.

@Marc Zak Using an LLC for each property provides strong liability protection by isolating risks to individual assets, with income and expenses flowing through to your personal taxes on Schedule E.

Refinanced in 2023 and cashed out $40,000 to reinvest○ Address -  Mount Laurel NJ. 05054○ Managed by a property manager.○ Purchase Date - 10-15-2020○ Purchase Price - $230,000○ Original CoC 4.8%○ Current CoC 15.04%○ Current Value - $400,000How did you finance this deal?

It isn't easy to make things pencil, and I don't see it getting much better over the next 12 months.I have changed my rental strategy to Co-Living (rent by the room).

I bought 14 houses basically for free by harvesting the equity in my houses by doing 5 cash out refis.

Originally posted by @Lynnette E.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Where you fall in that range will be dictated by bedroom count per unit and the quality of the area/building itself.

By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.