At this stage in my life, these equity plays are more impactful than holding onto a property for a couple hundred dollars of monthly cash flow.What’s your take?

Should Temp dip below 32 the pipes would freeze and then burst costing thousands of dollars of damage.What exactly is it you think the property manager did wrong?

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

Yeah I've seen that too, but with comp being "bragged" about at five whole hundred dollars....

This past Memorial Day we saved over $6,000 dollars just by purchasing items during the Memorial Day sale.

IF IT'S ANYTHING IT'S A SCAM BECAUSE THEY'D BE MAKING SO MUCH MONEY THEY'D NEVER THINK ABOUT TELLING YOU ABOUT IT.WHEN THE NUMBER IS $3000, $6000, $8000, OR $10,000 DOLLARS---- then it is ALL COMPLETELY WORTHLESS FOUND IN BOOKS OR IF YOU CALLED PEOPLE YOU KNOW IN THE BUSINESS (LIKE REAL ESTATE AGENTS).NONE OF IT'S EASY.

As a side note typically I do not use my deferred tax dollars to invest in traditional real estate as the benefits (depreciation etc) are all lost when using a self directed IRA - My guess is build to rent will provide little to no cash flow to build the account - it will all be locked in the property. 

We have a property management company in New Jersey where we make some of our best clients hundreds of thousands of dollars between helping them force appreciation, increase cash flow, finding them deals etc.

Most PMA's give a dollar amount for repairs and you would have to know what yours.

but, should you buy a money pit and lose thousands or tens of thousands of dollars?