You get rid of (what sound like inherited) tenants that are a hassle - and will continue to be - their behavior never improves, fyi. 

If you can't evict tenants to knock down a property, and/or remodel it, or otherwise improve the property... you won't. 

As rental rates progressively outpace expenses over time, the growth in cash flow can provide a reliable income stream.In line with my investment approach, I focus on these three key metrics when conducting property analyses:Initial Equity at the End of Year One:This equity can result from either a down payment or improvements made during a rehab phase.

With a favorable market and minimal improvements needed, we saw a profitable opportunity to capitalize on the high demand in the area.

If the meetup is directly related to growing your side business or improving your skills, expenses like registration fees, transportation, and meals may qualify as tax-deductible business expenses.

I am eager to engage with like-minded individuals who are focused on improving their financial situations.With a strong background in sales, I’m also interested in potential collaborations, particularly in wholesaling properties, where my sales expertise could be a valuable asset.I look forward to connecting with those who share similar goals.Best regards,Dan

I am eager to get started on locking in my first investment property and have questions on what my best approach would be.I own my home and have been making slow improvements to it over the last year I have had it.

@Dan Stelmach You can reduce your capital gains by writing off expenses like the $25K in improvements, closing costs, legal fees, and real estate commissions.

These are areas where I find I can generate best return on my building Improvements & that’s where I’d recommend you focus any spending. 

We added value to this property by investing $20,000 in key renovations, focusing on improving curb appeal, modernizing the interiors, and ensuring the home met market demands.