Cash How did you add value to the deal?

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

Consider offloading an underperformer, or a high equity property and getting better, larger or more assets.

Is my thinking correct that homes in highly appreciated areas won't benefit as much from Cost Seg. 

Additionally, ATCP 134.05 says that if the tenant provides a consumer credit report from an agency that compiles and maintains files on consumers on a nationwide basis and it is less than 30 days old, the landlord may still run a credit check but at its own expense.When I inquired with the company, they replied: "These laws are in place to ensure that you, as a landlord, are not profiting by incentivizing multiple applicants to apply when you have no intent to rent to them.

@Caleb Genry I am late to the party on this, but would greatly appreciate the spreadsheet/log if you are willing to provide it. 

Investment Criteria:• “Core” strategy – High-quality properties with minimal renovations or maintenance issues• Stable tenants & cash flow – Long-term leases, steady occupancy• Commercial preference (?)

If you are looking at Property Values, use zillow.com, that is what we use to fact check properties values. 

I think its a scary feeling, like the cost of entry is too high.

A lot of the beach rentals down there are pretty outdated and don't provide many amenities.