I purchased a single family to rent out the rooms and it sent my finical plan completely off course because I was not as ready as I previously thought.

Investment Info:Large multi-family (5+ units) buy & hold investment in Flagler Beach.

I've already paid for an appraisal and the earnest money is recoverable.Thanks BP family! 

I own a large portfolio of single family properties and all of my info I give out comes from my personal investing expierence. 

I currently have a single family property averaging $330 a month in cash flow which is going into a basic checking account seperate from personal.

Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.

My avatar guests are multiple generational family groups, and often the grandparents are the ones to book.  

To my BP family,When I am running my pro forma on a potential investment property, I always get stuck on whether or not my expense numbers are correct.

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

Investment Info:Single-family residence buy & hold investment.