Their business still needs to grow up. 

This means that the bulk of the expenses are not going up annually.In addition, if OO you get to write off the property tax and interest to the SALT limit ($10K). 

Can anyone tell me why properties in Illinois show up when I search for properties in East Tennessee?

Screw up an investment and you'll lose the money and the relationship.

I went from growing up in a hut in Vietnam and spending my early years in Section 8 housing in the U.S. to now owning four cash-flowing properties (8 units) across three states.

If you are willing to do mid-term, you open a lot of boxes up.

You don't want to lose your rate on the house you are living in now unless you want to sell it so since that is an owner-occupied, you need to stay there and save up the 20 percent for the second property based on what you said.

BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.- why would an owner want to do business with someone NOT properly licensed?

Do you look up competitor rates?

We have several who drive up from the Joplin Area.Definitely worth your time.Next meeting is February 11th, 2025