This setup helps you stay organized, prepared for tax season, and ready for unexpected expenses.

Hello BP community,I recently became a landlord, quite by accident. 

I have seen far too many times where these do not hit pro forma due to unexpected problems like theft, crime, etc.And, on top of that you are not even going to be in the US and have no ability to supervise and make sure that the people that you hired (who are not aligned with you) are looking out for your best interests.

If a real estate “guru” ever tells the truth it’s only by accident  

A few years ago I got caught with a number of housing units I built in Philadelphia I planned to sell to owner occupants if not for the  2022 unexpected rate increases.

It's understandable that unexpected things arise sometimes, especially when you're opening up walls or dealing with older electric or plumbing.

My bookkeeping firm provides me with a steady active income, which allows me to keep doing deals, cover unexpected expenses, and navigate the occasional black swan event.My Take on Cash Flow:Cash Flow is a hedge against corrections.

Be Patient and Flexible: Market conditions and unexpected challenges can impact your plans.

Real estate is often full of unexpected and expensive potholes and you don't really sound geared up for that.. 

The unexpected always has a way of sneaking in at the last minute.Here's to a week of smooth transitions and no surprises!