But for me, it boils down to the rationale that when I fall on hard times when the black swan comes around, I will not lose that precious asset, even with the worst of situations hitting me, because only uncle Sam could take it away now, but compared to other bills, taxes are cheap (at least relatively, my property taxes are cheap for now).

Sam

You can make a spreadsheet or use the one that @ Sam Tato created to estimate how much you need to set aside each month.

@Sam LewisThat's interesting!

@Sam Abe I do not know if it is legally binding to address the mold issue because I live in another state on the east coast, but my advise is not to neglect the mold issue.

We have a lot of life changes going on at the moment, so there's plenty of logical questions I have that I can't think of at the moment.Thanks,Sam

Hey Sam - I'm on the verge of selling my first deal for $2.85M that I bought raw land for at $385,000.

Hard money and private money for your deals, the key to any RE investment deal is how much money you will make after all is said and done and uncle Sam gets his cut.

@Sam G., with a hard money loan added to what you have, this would be possible, otherwise...NY tough.

Hey @Sam Ohanesian, that's great that your buddy has a knowledgeable guide to walk them through this process.