Loan doesnt offset cap gain fyi .... buy for X (basis) ... sell for Y ... the difference is your gain at 20%... plus any recapture at your tax rate... 

@Logan M.Depending on your scale of units and issues I would say buy a drain auger 1st if you don’t have one and that seems to fix a mass majority of our issues roots, grease, dipers, ect Now you or a tech would need to learn to use the Machine, they can be dangerous but for us maybe about 2-5 % warrant needing a cam for deeper investigation.

I started at 55 y. o. and I seem to have similar values and similar motivations and similar recent events in my life to you.

@Becky Wong KaplanGet your attorney and insurance company y involvedThe renter should have renters insurance to cover this as well.

Also, how does interest taxation work if you live in state X but lend to a syndicating flipper in state Y?

Doing all 3 scenarios here would cost about 1M$ to 1.2M.The numbers are:- Purchase price: 1.5M$- Current mortgage: 65% LTV, 2.55% 30y fixed- Property taxes: estimate 25k$/y- Current rental income from two 1bed/1bath units: 2200$/m each- Previous rental income from the 2bed/1bath house: 3600$/m- Property mgmt: 12%- Quote for garage ADU conversion: 500k- Quote for remodel: 400k- Quote for JADU: 300k- Estimated rental income from ADU conversion: 3500-4000$/m.- Estimated rental income from remodeled house: 5000-5500$/m.- Estimated rental income from JADU: 2500$/m.Concerns we have:- There's no comp in the area that sells for more than 2.5M for a setup like this.

With the Y/N results, we simply created a new tab in our prospect lists in excel and used a VLOOKUP formula to insert the Y/N in a new column next to each number.

@Cam Charette @Kodie TalleyHere’s a list of great meetups: My great friend Greg runs TBREIA.

So you had lots of vacancies in the weekdays and then people having parties on the weekends.Lots of locals smoking weed on the front porch / blasting music on front porch, plus worse, that I wasn’t fully privvy too.Airbnb is making it harder and harder to screen Airbnb tenants (a quick Google / FB stalk is impossible without last names / photos being shown).A party starting to kick up at 2 am that you’re watching from your outdoor cams hundreds of miles away and your 450k home on the line is a terrible feeling.Anyone who’s been doing Airbnb long enough has horror stories, big items stolen, thousands of dollars of damage, or worse.

I'm paying around $50k/y on my 6 apt buildings alone.