However, navigating the legal and financial complexities of Subto deals requires careful attention, so I’d recommend working with a real estate attorney to ensure everything is structured correctly.Securing private money for the closing is a smart move, but ensure your terms allow for flexibility in case of unexpected repairs or delays in cash flow.

Here is some additional information to ensure success:First, tenant screening is critical, focus on creditworthiness, rental history, and stable income.

After negotiating, we secured the property for $135,000, which was below market value, ensuring a strong margin for resale.

So you’ll want to ensure your cash flow can cover the additional monthly note (assuming you still have a loan on them from the pre/during-Covid acquisition dates.)

If you're more conservative, you might want to increase your fixed income allocation.Income needs: If you plan to live off your investments in retirement, ensure your portfolio generates sufficient income to cover your expenses.Remember, this is a general guideline.

The 20% down payment isn’t a concern for me; my primary focus is ensuring the investment generates positive cash flow, which is what my post was aimed it.

I help engage brokers to find new locations, complete due diligence on prospective locations, and collaborate with landlords to ensure we are on-time with our contractual obligations. 

Addressing Tax Issues and Investment ReadinessAmending Taxes: Address the tax filing issue promptly by amending the 2023 taxes and ensuring correct reporting moving forward.

I recommend you use an attorney to ensure the contract is clean and you are protected.

Some carriers won't allow the landlord to be named "additional insured" but you can at least be named "additional interest," which won't cover you under the policy, but it will ensure you are notified of any changes or cancellation of the policy.