You should really choose something that you will enjoy working on so that you don't loose wind when thing get tough.

I think you've always got to keep SOME liquidity on hand, and the amount you should keep on hand is usually a factor of the age of the property, it's cash flow, and how expensive (or inexpensive) the thing is to own in the first place.When I start getting excess liquidity, that's usually my sign that it's time to take a chunk of that cash and put it into another income producing property.

You will be more productive and land way more deals as long as you are driven.End goal to have at least 20 rental properties fully paid for that are cash flowing excess of 4000-8000 a year each.

Well, maybe I'm using the phrase "no probs" a bit loosely here (getting to closing was an adventure), but we got there.

Once I started running a few test samples, just to be sure everything would shake loose, I encountered my first few problems with the data.

Steven Hamilton II That formula will bring me close to 0 or negative ARV is 25k - 30k repair is excess of 25k retail without sweat equity which I can not do in IRA to make it worthwhile which is why i am looking to distribute property. does that make sense to you?

Two most important factors in getting a modification is getting the numbers right going in and meticulous follow up as the servicer will loose paper work , take forever to review paper work and than tell you to re submit paperwork because the documents submitted are too old.

Have a pet policy put in place for the next tenant when this one moves out and don't loose sleep over it.Part of what will help you be successful or not is worrying about the right things and not the wrong things.

Duties as a property manager seem straight forawrd, flipping to a current market value with few improvement expenses is probably harder to identify and pulling in an excessive profit for the benefit of Officers or Directors could lead to problems, especially if the 501 tax benefit is pulled.

Once it is out I will call the local animal control and report a dog on the loose.