When people buy too many properties too quickly, they end up with underperforming assets and more cap ex than they expected.

So the financial institutions get a better return  on there losses.

 $1800 (high end of rent range) - $1535 (hopefully mortgage includes full PITI) - $90 (5% vacancy) - $400 maintenance/cap ex - $180 PM (at that low rent point I am using 10% all inclusive) - $50 misc (bookkeeping, utilities that are not tenant responsibility such as slab leak, tax man, allocation of asset protection, etc).  

And, even if you do find a seller, you're looking at a minimum of 6-12 months of due diligence and financial review.Plus, the new owner is likely going to want you both to stay on for a least a little while after the sale!

We travel there when we can and bust out projects but winter is coming and reliable teams are hard to come by (not to mention the financial concern).

I found this property on the MLS, after falling out of contract last minute due to buyers financials. 

When Vintage IRA resigned as his IRA custodian and he did not move the assets to another IRA, this means that these assets are now his personal assets.

Check out The Ultimate Guide to Grading Cleveland Neighborhoods to get a better understanding of the neighborhoods and the different asset classes we have here in #TheLand.

It'll be nice to use just one software, but I think it's better to use both Buildium and QuickBooks if you want to keep track of everything, likes your assets. 

Hi Rena, gr8 way and good entering point to resolving financial issues.