It deals with the difference between office expenses and supplies. 

Your property manager should be supplying monthly reports and year end PnL reports that you give directly to your CPA. 

They finds projects that offer solid, stable and steady returns, and they put the right people in place to run each project.

Tennessee holding steady at #5And of course California came in dead last.

Do you want to scale more and maybe sell this property and 1031 into something else that may cash flow more, or hold onto it because the cash flow is pretty steady it sounds like. 

This could work well if you’re looking for steady monthly returns and don’t mind managing tenants (or hiring a property manager).Selling could also make sense if you’d rather use the $500,000 to diversify into other investments, like buying multiple properties or even a short-term rental on the lake as you mentioned.

If you supply the machines, I recommend increasing rent $100 or so to compensate for the purchase and maintenance. 

Personally when I’m working on a project time is money and I don’t have the ability to wait around to get supplies.

We know supply is a big issue with low inventory across the whole country.

We continued in this way for about a year, making steady progress, learning from our mistakes and generally improving overall.