@Michael H.Soynds fun, what city?

Here are a few, curtesy of Beata Lorincz.Feature Development: Neuhoff(* Fun fact, in German “Neu” means new and “hoffen” is to hope.

Charge her, get rid of her, start fresh with a new renter.

It was just a fun project my wife and I wanted to tackle together.

A dumb assss property manager that could care less about you or your property, will load it up with grimmy tenants who destroy your property for fun. 

It's fun to flesh out my thoughts and hear others' as well. 

Taking bare dirt and either building Self Storage or setting up subdivision lots for sale is a lot of fun.

so most people will have to be as leveraged as possible to scale (at the beginning). as in, keep your LTV high and focus on buying 'as much' ($$) RE as possible. this is if you're doing a pretty run of the mill REI strategy like buy and hold. i came across an interesting guideline once: if you could sell today and net 7x+ your annual true net cashflow, you should cash-out/refi, or sell/1031. think of it this way: if your portfolio in a year is worth 1m market value, and you owe 600k, and have a lender that will do a portfolio loan at 80% ltv, you could cashout refi and get 200k to play with (minus closing costs). when you compare the now-lower cashflow from the existing portfolio (higher LTV & maybe different rate), to what you can do with 200k cash, THAT'S where it gets fun. maybe you lose 1k/mo in cashflow on the original portfolio (literally just made up a number, idk), but you can gain 2500/mo in cashflow with that 200k.. then doing the cashout/refi earned you a net increase in your monthly profit of 1500/mo, plus you're getting debt paydown and appreciation on "more" real estate, probably getting bigger tax benefits, etc.

Although it's fun to talk about how far away some clients are, it's noteworthy that about half our portfolio are local people that can physically walk into the office, and i think that says something!

Usually in old garages.....then you have to tear down and start fresh.