We are excited to announce a new Pro Partner - Stessa - who helps investors manage and optimize their portfolios.

Is the portal a downloaded application or is it a web portal?

Property Management: Allocating 10% of gross rent ensures professional oversight but can be optimized by comparing management firms.Conclusion and RecommendationsThis 4-plex investment in Huntsville, AL, offers a 5.97% cap rateand is located in a thriving market driven by economic and population growth.

If you must retain some cash, consult a tax advisor to understand the liability and optimize reporting.

No active projects yet, but I’m gearing up to dive into multifamily properties, ideally 16+ units, with a focus on creative financing and NOI optimization.

I'll focus on maintaining the property and optimizing rent increases to ensure consistent returns over the years.

Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.

One of my early properties barely broke even, but after a couple of years, rent hikes and expense optimization turned it into a strong performer.For cash flow benchmarks, I usually aim for $200-$300 per unit, but your situation.. house hacking.. offers unique benefits like reduced living expenses and quicker equity buildup.

I have done BRRRRs in Milwaukee for a decade+ and if I am not on the job 2-3 times a week, things go sub-optimal.

The value add was recognizing what the current regulations could allow the land to be used for (basically recognizing current land use did not optimize the value).Good luck