Not to scare you - but we made one mistake on a flip - replacing old wooden windows instead of rebuilding them - and it ended up costing us $50,000 to our $175,000 profit margin.  

.: Quote from @Carlos Ptriawan: Quote from @Michael Wooldridge:@Bruce Woodruff@Mike Hern Quote from @Greg R.

Rent was always on time or early and they left the place in move in condition, save for a nail hole and towel rack had pulled away from the wall.

Skype) or phone consulting - year end tax minimization strategies for existing entities - SBA disaster loans (EIDL, PPP) advice specific to my needs- existing multiple entity review, consulting, cleanup & re-evaluation- document review - corporate tax return assistance & filing What I don't need:Entity formation (I use my own sources)Bookkeeping, misc. servicesWhat I've gleaned from initial free consultations:KKOS/MARK KOHLER:PROS:- past reviews seems to be altogether positive- I would likely be working with one of their partners, not Kohler himself (he charges $600.hr)- initial consultation fee applied to work- hourly rate off $350 - no membership programs but they do have specials like the entity cleanupCONS:- separate tax/accounting firm from the legal side- have no idea how many hours I might rack up- no experience with KKOS to date.ANDERSON ADVISORS:- Anderson's Tax Advantage Program: $2995 (in addition to the Platinum membership ($2995)- tax advisor assesses current business & tax situation - advance tax planning & prep- audit protection- living trust ($2,500)- Platinum Membership Enrollment Fee Waived + $35 a month- Business Continuity Program- Advanced Strategy Analyzer- Structure Implementation Workshop- Unlimited Attorney Consultations- Unlimited Questions with Tax Team (Tax Attorney, CPA, etc.)- Online Retirement Coach- Risk-Free Wealth AnalysisI had been a tax client of Anderson in prior years, but never signed up for any of their client programs.PROS:- I particularly like the fact they combine their legal and tax teams to figure out the right strategy customized to your situation and goals all under one roof - but that comes at a premium.- no hourly billing- attorneys licensed in NV where I operate- Platinum membership provides unlimited consultations, emails from their legal team as opposed to billable hours- in-house access with a Sr.

Tenants can stay and not pay, and when evictions start and they have a balance racked up, they just move out, knowing they may face some issues with future rentals, but not a big deal considering they saved on months of rent (and knowing they can just tell future landlords, that "yeah, that happened during COVID"). 

There are people killing it with small multifamily (1-4 unit) and racking major cash flow.

We built the master closet (located in the master bathroom) with wire shelves, drawers, racks, and hanging rods.

This way if the numbers rack out correctly, the units will be paying the whole mortgage and you guys could live rent/mortgage free or maybe pay a very little portion vs. a whole mortgage!

Perhaps not for the economy on the whole, especially with the insane amounts of debt being racked up, but real estate prices have effectively depreciated for about 2 years given even when RE prices were going up, inflation was higher so while the nominal prices have increased, real prices have (or at least had, I haven't looked for a while) declined since their peak.  

Interiors, I prefer wire shelves with a white coating on them instead of a wooden shelf.