• Investing in High-Cost Markets: The Bay Area is an expensive market, but we’re open to exploring out-of-state opportunities if they provide better returns.

@Daniel Reed, cost of money is killing good returns these days. 

I built this budget template based on my research but am only seeing bad investment returns / don't really know what I'm doing and would appreciate any feedback you all have to offer.

I’m about to do a non-renewal on one tenant that is smoking cigarettes inside and the tenant smoking the weed.

Depending upon the severity of the issue we will follow that up with a 7-day non-curable notice and get them out.

At that point, the small down payment is a non-issue. 

.- Plan: postcard-size tax returns.

I don't include non paying Tenants because I like a small slice of positivity in my life and prefer to think I did our screening well enough that all our Tenants are paying.Cheers! 

However, it increases costs and administrative work, like filing fees and bookkeeping.Tax-wise, LLCs are pass-through entities or disregarded entities, so profits and losses flow to your personal return, but managing multiple LLCs complicates filings.

Without this, it’s tough to calculate a realistic cash-on-cash return or DSCR (Debt Service Coverage Ratio).Condition of the Property: Are there any deferred maintenance or capital expenditures needed in the short term?