To thrive in real estate investing, you must maintain a firm grip on your finances.

If it’s in an LLCs name it s protected if maintained correctly.  

Misdirected concern: This rare scenario is being overemphasized, likely to maintain the status quo of seller-set commissions.2.

If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.

Don’t forget to plan for the future, maintain a healthy work-life balance, and celebrate small wins along the way—it’s all part of the journey!

Fireplaces can add to the value of your rental if they are well maintained and managed.

One time, I sent a letter to an heir in Austin, and thier family ended up selling me a property they couldn’t maintain.

This allows you to invest in another property while maintaining the asset.Alternatively, a 1031 exchange lets you defer capital gains taxes by reinvesting in higher-yielding or diversified properties. 1031 has limitations.

•Low time requirement for operations – the rental operations can be automated to a large extent maintaining a high hourly return and helping ensure quality control.Financing We have found a mortgage broker who seems to be doing a good job so far. 

All are on separate 800 square foot floors, with front and back door egress, well maintained and gut renovations were completed in 2019.