Hi Michael: "sold their home" to me may translate into "lost their home".

So, one vacancy a year translated into 1/24th of the annual rent, which is about 4% per month. 

I've noticed investors have altered their aim but maintained their criteria.

Landlord shall not be obligated to clean, decorate, alter, repair, or otherwise improve the rental, either before or after the execution of this lease, unless agreed to in writing as part of this Agreement.

Combined, that is $833,000, which should translate to ~$50,000 of annual passive income at a 6% cash on cash return rate.Of course, it is entirely possible that you can reach this goal with a much lower amount of cash and time if your return rate is higher or the deal goes full-cycle quicker.

You can also hold the properties in an entity like an LLC, S-Corp, or Trust, but that does alter your tax situation.

Based on our experience in LA City, I think that AB 2097 would apply whenever you are adding units (whether that be through alteration, addition, or new construction).

View reporthey guys so i have an updated analysis here. basically what we have here is a NMD deal through a VA loan. im currently under contract with the building. inspection was completed where we found we need a new roof, recieved 13,000 credit. although after going much more in depth with this property i am starting to get cold feet and worried about these numbers. i will be moving on from my current 3 unit into this one, as it wont cash-flow with me under the roof is not a big deal, it not cash flowing after i move onto the next one has me pulling my hair out trying to alter these numbers to make this property work. 

And the more I read from you, the easier it is to understand your style and "translate" it into my own ;)I am always glad I take the time necessary to understand your message.

I was just looking at this 5 bedroom 2 bath beauty we just finished renovating on the east side at Alter and Outer drive in Chandler Park Close to Gross Point and the water.