Find out which filters are best for your furnace, purchase a year's worth, write the installation date on each one so the tenant knows when to swap them, and inspect regularly to verify it's happening.

While none of us will be getting our money back he can live well selling off the remaining assets as long as they don't shut him down.

First off, congrats on being in a position to scale your real estate portfolio.

So the next ones will be out of state and should hopefully be as hands-off as the current one. 

There l also learned to do commercial job take offs and estimating. 

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

You may be far better off structuring it as him being your lender (as opposed to a partner) or, alternatively and likely less attractive, you being his contractor.Part 2.

If you don’t have a backup plan, you’re in for a rough time.I don’t say any of this to scare people off—I’ve navigated all these challenges and built a great portfolio.

Bonus depreciation will finally be phased out in the 2027 tax year This is well said

If they lose it all it is not a big deal to them because they can make that up in 3 to 6 months off of other larger and higher quality cash flow investments and write it off of taxes.