Document all your efforts, including repair invoices and communications, to show you’re acting in good faith as a landlord.

To receive a free copy, DM me with your phone number and email address.  

For abandoned parks with infrastructure, some lenders may consider them as long as there’s a plan for the rehab and the infrastructure is in good condition or can be repaired.

., repairs, taxes) must be paid directly from the SDIRA.3.

Those are the cost of doing business.I will use my clients property, purchased last year as an example:(57,000+6228-3500)/$190,000=31% IRRMy client lost money throughout the year(repairs, vacancies, etc) and had an 8.1% interest rate.All this to say if you can stomach a few down or flat year, you will make a killing!

It wasn’t easy—there were tons of repairs needed, from plumbing and electrical updates to cosmetic fixes like flooring and painting.

Staying as liquid as possible might also help you handle CapEx, taxes, small repairs, and so on.Let me know if you have any questions—I’d love to help in any way I can!

Several hours of work to reach out to Obie’s agent and zero answer from the phone or emails left us unable to confirm the information requested. 

Be sure to factor in repair costs to keep things profitable.

This is typically done 3x a year.Hire a company to deep clean the washing machine, drier, and dishwasher.Reimburse us for the combined 8 hours we have now spent on cleaning the home.Repaint the walls, at minimum in the basement.Prorate our rent for the days we are unable to be in the home due to the current issues and any repair time.Please let us know how you would like to proceed.Thank you,Sindy and Cary"You need a professional property manager!