Speaking broadly, I think the best investment strategy involves finding properties that aren't fully utilizing their income potential.At a more sophisticated level, that might mean buying a fourplex of large two-bedrooms, making relocation agreements with the tenants, remodeling the units into three-bedrooms, and then renting them out at market rents.

you may be able to utilize the equity through an LOC as mentioned AND create cash flow on the farm without giving it up.a 60k investment for nearly 300k in equity is a nice 5x return immediately and it's potentially tapable for future uses.all the best to you.

Folks who don't have a lot of money typically aren't equipped to handle the financing of land, running utilities, surveys, building, etc.

Here is my situation :I am 40 years old, I have no mortgage, and my only bills are my car lease, phone bill, car insurance (my partner covers utilities) and groceries for me, girlfriend and my kids (when I have them) and my take home from my day job is about $900 a week.

We would not have been able to relax (retire sounds so final) early without our housing and utility costs being completely covered as they are. 

Are utilities for SFH paid by tenant or landlord in OHIO?

I took the family on a road trip to Johnstown and checked out some of the properties, I talked to the local utility companies, the title company, insurance company, etc. and everything seemed legit.

Property taxes, Insurance, Utilities, Mortgage payments, sometimes you may also pay a vendor directly, etcYou should be giving to your CPA the form 1099, Year to date PM Statement, form 1098 along with expenses that you paid for directly outside of the PM Company.Best of luck

The 50% rule states that approximately 50% of EGI will typically be consumed by operating expenses.While the 50% rule provides a quick estimate, actual expenses can vary widely depending on the property type, location, age, condition, tenant mix, and market conditions.Here's an example: if a property generates $200,000 in EGI per year, the 50% rule suggests $100,000 would go towards operating expenses like taxes, insurance, utilities, and property management.

Anyone have any knowledge on how to utilize their services with regards to this?