Quote from @Michael Smythe: @Justin StearnsEncourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Quote from @Michael M.: Could you hold a 2, 3 or 4-plex in an LLC, live in one and still sell the entire building as a personal property sale after 24 months (no cap gains tax)? 

Quote from @Michael Smythe: @John ThomasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Quote from @Michael Plante: When selling a flip I do buy down and/or money towards closing VS lowering the price This keeps the price higher so when I sell another flip in that geographical area, the appraiser  uses the higher sales price as a compFor an agent it’s better as the seller pays a slightly higher commission  This^^^. 

@Michael Shabazz Yikes.  

Quote from @Michael McManus: I would start by talking to the tenant.1.

Quote from @Michael Smythe: Where are you looking?

Hey thanks so much Michael - I appreciate it!

So now I'm really getting ticked at agents that won't submit offers because "they" think it's too low and won't let the property owner decide if it's to low or not.Thanks,-Michael

@Michael Smythe He hasn’t used BP cost calculators but does provide rough numbers to help determine whether the property will cover the mortgage and even potentially cash flow.