Other equally contributing factors you want to consider is the properties positive cashflow, asset appreciation over time, debt service paydown over time, as well as hedging your dollars against inflation - all of which make real estate such a great investment especially when you have the right property!

Welcome back @Sabrina ShaulisOne of my beliefs is knowing your market very well helps build the confidence to act.

Many applicants just want to tell us their excuses over the phone, but if they won’t take thetime to put it in writing, we find they rarely end up being good tenants.UnderwritingTraditionally, landlords have only looked at the income of applicants and approved those having income equal tothree times the property rent.

@Brody Veilleux, to say "cash flow is tax free" is, at best, grossly misleading and, at worst, flat out wrong.What is true is 1) taxes are based on net income and 2) cash flow does not equal net income. 

I would also recommend umbrella insurance equal to your net worth.

I’ve read some property managers charge a fee equal to one months rent for placing a tenant .Is this standard?

Let’s assume I can sell it for $2.5MM, net after sales expenses.In a straight 1031 Exchange, I would sell the property for $2.5MM and need to exchange into another property (or properties) of equal value to fully defer taxes.My questions:1.

They are normal to think about, but these kind of questions are going to give you limited beliefs and prevent you from moving forward on a potentially great property.

It doesn't need to be equal time on both.

Have dad invest as “silent” partner entitled to a return equal to the interest rate he wants to charge you.