As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

I definitely need to do more analysis in terms of comparing against other rentas in the area and ideal beds and heads count. 

To all my Kansas City investors…how are you feeling about the real estate market heading into the new year?

I wanted to invest where I wanted to live and I am also from Elgin so am constantly headed further nw. 

I am learning about financing right now and that question just came into my head.

That property is now a reliable source of rental income and a constant reminder that success starts with taking action, learning on the fly, and embracing challenges head-on.

At the numbers you are talking about and where the market is heading you could pick up some very high quality NNN national credit tenant properties as commercial continues to recover. 

I am just trying to wrap my head around at what purchase price does this property cash flow. 

You are correct that they are headed for serious trouble. he number i called..cant remember his name but if you see other posts on here he has posted 9196045703 Brent? 

You can surely buy cheaper properties and obtain the same debt pay-down, but now you've got 5x the head-ache, so right asset class is more about efficiency when it comes to debt pay-down.Tax shielding is similar concept in that more expensive properties directionally give you more building basis to depreciate, which means less net income to tax.