I like tenants to have 1-2yr work history with 3X income...At least you can recoup loss....

I logged in today to find only one of the dozens of email messages  I’ve received in the last month still listed in my inbox.I have one email from a week ago. The rest of my email threads that started more than a mont...

The key is to be a genuine + kind person that wants a win-win and identify others on your team that share that vision because 80% of the people you call/talk to will not be it.

NYC went through a severe decline in finances, population loss, greatly increased Crome, etc in the period from 1960 - 1982.  

With this underwriting, it all seems to rely on burning off of loss to lease, vacancy and concessions.  

The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.But schedule E doesn’t allow posting those losses to personal taxes 1040. losses stay with schedule E until they get offset by future profits from property.Did I get this correct?

You can’t stop the house from burning down after you incurred costs, but before you’ve closed. if you’re leveraging, you can’t change interest rate (much.) you can’t guarantee that you don’t have a year of rent loss because your state decided to put a moratorium on evictions. did you see the case in California where the guy sold his house but didn’t move out?

However if you do It might mean both a loss due to the note being uncollectible or even go to jail for not haveing the apropriate license.

A free market is a system of gains and losses.

But yes, payback period is considered by business for any investment and I stated that myself.Any business runs on profit/loss income statement (very important) but also balance sheet (assets/liabilities).