Our personal house in a really nice neighborhood has actually appreciated less on a percentage basis than some of our cheaper rental properties in the same amount of time. 

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

I also teach for two universities on a part-time basis, so that creates a little income, my wife has a retirement income and I do some independent consulting work on the side.

@Petronella Kerssens Hey there Petronella, both markets have fantastic upside and some of the fastest growing markets in the country with tons of commercial projects going on and people moving there everyday.

It's a typical thing in SF where everyone is in litigation / properties are selling as if everyday is Black Friday.  

2. they won’t get debt basis!

You have to know how to pick the right areas, I live it every day.

Gain = Sales price less expenses less adjusted basisAdjusted basis is purchase price plus improvements less accumulated depreciation.

Software used for maintaining property financials is intuitive and distributions are made timely on a monthly basis.

You mentioned that with commercial credit, it's another ball game, but that it's typically a case by case basis.