I agree with this.I had a forty-something tenant with a young family sign a two year lease and three months later they got their student loans forgiven and could finally make their lifelong dream of homeownership come true.

So I looked at some local markets like Sacramento where I'm from and familiar with the neighborhoods but the cashflow would be so negative that I'd be paying out of pocket every month.Now I'm more inclined to buy a single family in KC as it seems the rates won't drop anytime soon so would like to get in the investment game sooner than later and hope for a rate drop in few years to refinance.I have been looking on Zillow, and recently connected to an agent to run numbers and seems I could make about $100-$300 after mortgage payment and insurance.

A week later the neighbor came to me again with a bill of $1075 for detailing telling mr he doesn't know who is paying but he wants the money this week!

I originally started working with my current brokerage specifically because the broker said she was more than willing to sponsor me later to get my own corporate license once I had the qualifications.

Let her out of her lease and deal with the inevitable vacancy now instead of later. 

Plus if you don't address it and you sell later on, it isn't like the foundation is going to fix itself, it is only going to get worse.Once it is fixed, you may have to disclose it but you have invoices showing that it has all been taken care of.If in fact it is only $6,670, as mentioned, it isn't for us to tell you what to do.

We usually had around 3 other people renting for us and sold the house a few years later as the largest sell price in that neighborhood to that date.

Sales price ended up being $615k. https://redf.in/W7fKdQThis identical unit in the complex was sold a few months later by Compass.

Some may argue it’s not necessary at the start, but it becomes costlier to transfer a property held in your name to an LLC at a later time and this is good forward thinking business planning.Don’t worry about forming an LLC until you execute an agreement to purchase real estate.

In 5 years: $100 x (1 + 4%)^5 ≈ $122 or a 22% increase.In 10 years: $100 x (1 + 4%)^10 ≈ $148 or a 48% increase.Unless your rents increase faster than inflation, you will not have the dollars to pay inflated prices and sooner or later you will have to go back to work.The key factor for rent growth is significant and sustained population growth.Sufficient to Replace Your Current IncomeYou will likely need multiple properties to replace your current income.