The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.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.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

We refinanced and cashed out all our renovation budget plus $5,000 and actually kept monthly payment the same as rates had dropped.

Let's wrap up our QI selection series with the human element - because relationships and reputation can make or break your exchange!

Our LLC for NC currently has no houses under it.

In our market, we are seeing more MTR providers.

Ideally would be purchasing some land out there & using our building background to do something unique. 

I was broke enough that I couldn't afford rent at my apartment, but fortunately my landlord didn't notice, thanks in part or in whole due to some substance abuse issues.Anyways, when visiting my mom in the neighborhood where I grew up, I had noticed this construction van at a house on our street.

Learn of course, but many of us have purchased properties throughout our career without "iron clad" veils and have done just fine.  

This is mainly how we find buyers to offload our learnkey properties too.

Basis 525K Cashout 725K We are owed 200K due to personal funds investedWe want to purchase 2nd homeQuestions:1) Since our basis is less than cashout, will we owe taxes or can the money owed us be used to offset difference?