I do a lot of business near the parks with STR and I know the HOA fees can make it really difficult to make the numbers work.

Other things to note: there is an option fee the tenant has to pay (and you may keep if they choose not to exercise the option to buy).

That's without medical fees and saving for actual retirement. 

While you shouldn’t categorize all tenants and it’s the landlords responsibility to properly screen, the tenants who reside in better situated housing and pay higher rents are more financially responsible meaning lower rate of rent loss and will generally take better care of the property which combined will result in less time allocated towards management functions if self-performed or more favorable management fee structures if 3rd party management companies are utilized (which ties back to #1, as well).

These can be further broken down into lender closing costs and third party closing costs.Thelender closing costs can include underwriting fee, processing fee, funding fee, origination fee, credit report fee, and tax service fee among others.

Discuss with your CPA how to handle the 800 CA fee for each LLC you create.This post does not create a CPA-Client relationship.

Deduct Selling Expenses: Costs associated with selling the property, such as real estate commissions, legal fees, and advertising expenses, can be deducted from your sales price, thereby reducing your taxable gain.9.

Unfortunately, the pandemic pulled the rug right out from under us as we were in the middle of the application process with Visio.

For example, an agent would collect a reduced commission, flat transaction fee, or no commission if the buyer sources an off-market deal directly.In your case, if you'd like to compensate your agent, you can include it in the loan.

So it won’t matter if you forgot things like management fees (or the value and costs of your mistakes if you plan to self manage.)