@Ben BergHere is the process of renting a property with a roommate, focusing on cash flow, financial arrangements, and renovations.

I have hired another company to handle all other aspects of my financial needs.

I am wondering if I used some of the money I received from the sell to pay off my debt if that would be financially wise vs using it towards the purchase of my next place?

Brian from AHP Serving reached out to me today, and showed me where I was in fact receiving my distributions.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Was great chatting with you earlier today over zoom and I believe I helped you understand this property and the location and how to analyze this property from many different angles but unfortunately we discovered after looking at your deal that its a NO-GO and you will probably need to back out, if possible.

The value of the market 5 years ago absolutely is not what it is today.

Account managers have literally no idea about day-to-day operations and glaze over specific questions asked to delay and confuse owners. 

Engage with property managers for insights on rents, expenses, or off-market opportunities, and request financial documents like rent rolls and profit/loss statements from sellers’ agents as part of due diligence.

I then look at area vacancies, economic conditions, employment opportunities, area demographics and verify that the property has not been red tagged or have any other underlying problems that might make it difficult to resell or rent.When I have my financial information then I can consider debt service and costs related to equity partners in the overall income produced.