I really hate using words to communicate, they are such clumsy things when one thinks about it!

We had enough rich friends hear what we were doing; it felt like we cracked a code - a vacation property that made money.

Quote from @Katharina Bormann: I address the importance of clear communication in my book.It's not enough to tell them what is wrong.

For his first two years here he stayed in a rooming house, because he couldn’t afford his own house or apartment.After World War II this country “got rich”, affordable housing became plentiful as “the suburbs” were developed.  

I know that in written communication, concepts can sometimes be interpreted differently than originally intended.

Your contract is evidenced by the spreadsheet, payments, and likely other communication about the work.

The lack of communication is typical in this business and a reason why we opened and have done well. 

They are always on top of maintenance and communicating any issue regarding the property and they have streamlined the process so that it’s relatively easy and quick the purchase. 

Live in one unit and rent out the others to cover your mortgage.Seller Financing: Negotiate terms with the property seller where they act as the lender, often requiring a smaller down payment and bypassing traditional underwriting.Partnerships or Joint Ventures: Partner with an investor who provides the capital in exchange for a share of the property’s equity or income.Lease Options: Use a rent-to-own agreement, which allows you to control the property while saving for a formal purchase.BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat): Acquire a distressed property with short-term financing, rehab it to increase value, rent it out, and refinance to recoup your initial investment.Pro TipStay in close communication with your lender as you approach your next purchase.

I will be sure to be upfront on the lease about the guidelines and specifics like that including cleanliness expectations, late rules, eviction notices, communication, maintenance, etc.