Hi everyone,I’ve been fortunate enough to acquire 32 rental properties by the age of 30.

For a rule of thumb, replacing a commercial boiler can range anywhere from $20k to $150k, depending on the size, age, and efficiency.

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

You need a local/state specific lease.2.

Quote from @Chaliyah Penick: I have a relative that is up in age and no longer able to afford the mortgage and are falling behind. 

I would recommend getting a free cost/benefit analysis to see if you specifically could benefit from the study.Real Estate Professional Status

@Andreas Mathews,Good for you at looking to make a change no matter the age.

These requirements are solid, keep them: Application: Everyone aged 18 or older must complete an application.

Quote from @Travis Smith: Age 56 and retiring from farming and I’ve been very good at avoiding income taxes with depreciation and business expenses.  

Let me know if you’d like help running specific numbers or refining your negotiation strategy.AI answers can be helpful sometimes, but they miss some really important concepts.