I recommend everyone always create their own IRR calculator as they can get pretty complex and oyu will want to understand all the inputs and outputs. we provide a basic one to those in our membership group but I always recommend build your own and understand not only the numbers but sensitivity that lines up with those inputs.If you are hard money lending thats simple as its just a column of dates and amounts for loan provided and monthly interest and points.

you can't buy land with financing if you don't have the cash to purchase the land you don't have the liquidity to do this type of project. rule number one. we sell 10-20 land plots a year and all of the investors have 2-3x land cost in equity / cash that they can purchase directly. that's before all entitlements and everything else 

Hey All, I'll be traveling to Costa Rica for a wedding and wanted to explore the market while I'm visiting.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Quote from @David Kendall Jr: These are all goals that you will set, then you need to back into those goals by numbers (KPIs).

So its kind of fun to see how this all works.   

If someone has REPS then potentially they can use all of their rental losses, from all properties, (there is more nuance especially with both LTR/STR) if they are materially participating. 

You can still get 1% rule cash flow positive properties all over Ohio.

Even if they do pay all the taxes, they don't get to use the benefits they are paying for (medicare, social security, etc.).

I lived in my home as my principal residence for all of the last 10 yrs, moved, then sold with owner-financing. 3.5 yrs later, the buyer re-sells the home and sends me full payoff.