For example, I’m doing three side by side duplexes and it’s costing me $135 psf, but I had to spend an extra $10k per foundation because of bad soil, and the smaller the property the higher the cost psfI’m working on a 28 unit with elevator, demo required, green roof, and it’ll cost me around the same psf as the duplexes.I’m doing three side by side triplexes which are full renovations, basement digout, all new facades, and that’s costing me about $106 psf for construction Non of these numbers include architecture, geotech, MEPS, environmental, utility plan, or finance costs

You will spend $10-$20k to put the PPM together and then if you do audited financials that will run you five figures per year as well as tax returns are not cheap with all the K-1's.

If your startup costs are over $55,000, you lose the immediate deduction, and the entire amount would have to be amortized over 180 months (15 years).Here’s an example to clarify:•If you spend $7,000 on startup costs (such as attending BPCon, legal fees, and market research), you can deduct $5,000 in the first year and amortize the remaining $2,000 over 15 years, starting when your business is officially active.

It just proves it's possible.Let me give you an example.You spend $5K to send out 3,000 mailers, and you barely make a deal.

You'll be so busy working that you won't spend as much, which increases savings.Talk to a bank and learn how to increase your credit score. 630 is not good. 

For instance, with STRs, why won't an investor spend an hour on AirBNB for their area to identify listings that:1) rank the highest2) occupancy 95%+3) ADR $750+4) hosts have 2+ properties5) listings are branded with 20k+ Instagram followersetcThen, reach out to those top operators; as many don't have the time or gave up on cold outreach, yet they've done the hardest 90%, have skin in the game, and outcompeted thousands of listings nearby.

I don't let myself spend any equity from properties (even when I was scrapping and could have really used it) don't touch that equity!

Overall, how long do you spend in deal analysis for each property, and how many properties do you review before making a decision?

Their only other bills are their mobile phone and car insurance, and with the rest of the money they save on rent, they can spend it on other priorities, whether it’s expensive toys, travel or paying down debt.

I hope to have 10 properties ( i am currently at 4) and at the age of 41...... by the time I am 50 years old and spend the age 50-60 trying to pay them down aggressively.