NOMAD wants to rent my house with a Master Lease where they pay me the rent and then sublet to occupants who pay them.

Tacoma’s market has plenty of opportunity, and your persistence will pay off.I’m very familiar with the Tacoma area and the real estate opportunities it offers.

Some of the discounts are good, but just be aware that you will be paying a payment processing fee on top of the discounts. 

Hi Jasmine-Congratulations on being ready to turn your primary residence into a rental.Your question is should you use a property manager or self-manage your property.If there is enough positive cashflow or you can afford to pay a property manager, I always recommend doing so for the following reasons:1.

Cash out should be used as a 12-24 month loan so that you can buy another property and pull cash out at the next 12th or 24th month mark.At that point you take a portion to pay off or down the first loan and use the rest as a down payment on the next REI.

My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.

Again, I'm in Portland Oregon, and they specify "tenant applicant" (paying for rent) and "non-tenant applicant" (not paying).

Additionally if you're running an active business in the IRA the income will have to pay UBIT.   

I would highly encourage paying a GC to walk deals out the gate, have them give a scope of work so you can see what items costs.

Would you be able to pay down the HELOC without selling your home?